Good Life Advisors LLC Has $485,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Good Life Advisors LLC reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,688 shares of the credit services provider’s stock after selling 463 shares during the quarter. Good Life Advisors LLC’s holdings in PayPal were worth $485,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PYPL. FMR LLC boosted 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 worth $1,307,945,000 after buying an additional 7,767,072 shares during the period. Mizuho Securities USA LLC lifted its position 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 worth $819,315,000 after acquiring an additional 10,419,351 shares during the last quarter. Primecap Management Co. CA boosted its holdings in PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after acquiring an additional 1,069,356 shares during the period. World Investment Advisors LLC acquired a new stake in shares of PayPal in the third quarter valued at about $387,435,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of 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 purchasing an additional 2,689,162 shares during the period. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Monness Crespi & Hardt raised their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods increased their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, UBS Group boosted their price objective on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Thirteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $90.52.

PayPal Stock Down 0.9 %

NASDAQ PYPL opened at $77.63 on Friday. The stock’s 50 day simple moving average is $85.73 and its 200 day simple moving average is $80.55. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The firm has a market cap of $76.79 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping 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 company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.