Swedbank AB Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Swedbank AB increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% in the 4th quarter, HoldingsChannel reports. The fund owned 710,280 shares of the credit services provider’s stock after acquiring an additional 14,997 shares during the period. Swedbank AB’s holdings in PayPal were worth $60,622,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PYPL. Algert Global LLC bought a new stake in PayPal in the second quarter worth about $435,000. EP Wealth Advisors LLC raised its stake in shares of PayPal by 10.8% during the second quarter. EP Wealth Advisors LLC now owns 11,053 shares of the credit services provider’s stock valued at $641,000 after acquiring an additional 1,075 shares in the last quarter. KPP Advisory Services LLC raised its stake in shares of PayPal by 29.2% during the second quarter. KPP Advisory Services LLC now owns 5,821 shares of the credit services provider’s stock valued at $338,000 after acquiring an additional 1,314 shares in the last quarter. Brown Financial Advisors bought a new stake in shares of PayPal during the second quarter valued at approximately $1,454,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of PayPal during the second quarter valued at approximately $9,517,000. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several research analyst reports. Susquehanna lifted their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Piper Sandler boosted their price objective on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. The Goldman Sachs Group boosted their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Macquarie boosted their price objective on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research note on Friday, December 13th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Trading Up 0.6 %

NASDAQ PYPL opened at $88.76 on Thursday. The company has a market capitalization of $88.99 billion, a PE ratio of 21.18, a P/E/G ratio of 1.54 and a beta of 1.44. The company has a fifty day moving average of $87.96 and a 200 day moving average of $78.46. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during 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%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. Research analysts forecast that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.

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.