Farmers & Merchants Investments Inc. Trims Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Farmers & Merchants Investments Inc. lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 163,157 shares of the credit services provider’s stock after selling 425 shares during the period. Farmers & Merchants Investments Inc.’s holdings in PayPal were worth $13,925,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of PYPL. Mizuho Securities USA LLC lifted its stake in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares during the last quarter. FMR LLC raised its holdings in shares of 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 in the last quarter. World Investment Advisors LLC bought a new stake in PayPal in the 3rd quarter worth approximately $387,435,000. Robeco Institutional Asset Management B.V. boosted its stake in PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after buying an additional 2,689,162 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in PayPal by 9,864.9% during the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after acquiring an additional 1,108,030 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 1.6 %

Shares of PayPal stock opened at $77.31 on Friday. The company has a 50-day simple moving average of $87.71 and a two-hundred day simple moving average of $79.38. 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 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The stock has a market capitalization of $76.48 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the prior year, the firm posted $1.48 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of recent research reports. Phillip Securities restated an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Susquehanna upped their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Mizuho lifted their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. UBS Group increased their target price on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird reduced their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.29.

PayPal 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.