Robeco Institutional Asset Management B.V. Acquires 2,689,162 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Robeco Institutional Asset Management B.V. lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 174.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,233,341 shares of the credit services provider’s stock after acquiring an additional 2,689,162 shares during the quarter. PayPal accounts for about 0.7% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 24th biggest holding. Robeco Institutional Asset Management B.V. owned approximately 0.42% of PayPal worth $361,316,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. 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 valued at $1,307,945,000 after buying an additional 7,767,072 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in PayPal by 12,919.4% during 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 buying an additional 10,419,351 shares during the last quarter. Clearbridge Investments LLC increased its position 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 valued at $493,907,000 after purchasing an additional 1,866,925 shares during the period. Primecap Management Co. CA increased its position in PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after purchasing an additional 1,069,356 shares during the period. Finally, World Investment Advisors LLC purchased a new position in PayPal during the 3rd quarter valued at $387,435,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

PYPL opened at $88.19 on Wednesday. The company’s 50-day simple moving average is $87.87 and its two-hundred day simple moving average is $78.27. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $88.41 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.54 and a beta of 1.44.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on PYPL shares. Morgan Stanley boosted their price objective on shares of PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt boosted their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Barclays boosted their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.48.

PayPal Company Profile

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.