PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 20.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,868 shares of the credit services provider’s stock after acquiring an additional 1,189 shares during the period. Linden Thomas Advisory Services LLC’s holdings in PayPal were worth $586,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PYPL. Mizuho Securities USA LLC lifted its holdings in PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after acquiring an additional 10,419,351 shares during the last quarter. FMR LLC raised its holdings in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after buying an additional 7,767,072 shares during the period. World Investment Advisors LLC acquired a new stake in PayPal during the 3rd quarter worth about $387,435,000. Clearbridge Investments LLC raised its holdings in PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after buying an additional 1,866,925 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after buying an additional 1,108,030 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the topic of several recent analyst reports. Canaccord Genuity Group boosted their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. Finally, UBS Group increased their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Trading Down 0.7 %

Shares of PYPL stock opened at $89.11 on Monday. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $87.76 and its two-hundred day moving average is $77.92. The company has a market cap of $89.34 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.97 earnings per share. Equities analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.