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

Good Life Advisors LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.5% during the 4th quarter, Holdings Channel.com reports. 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 quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC raised its position in shares of 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 acquiring an additional 10,419,351 shares during the last quarter. FMR LLC grew its stake in shares of PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. World Investment Advisors LLC bought a new stake in PayPal in the third quarter valued at about $387,435,000. Robeco Institutional Asset Management B.V. lifted 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 valued at $361,316,000 after buying an additional 2,689,162 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings 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 worth $87,336,000 after buying an additional 1,108,030 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ PYPL opened at $77.63 on Friday. The firm’s fifty day moving average price is $85.73 and its two-hundred day moving average price is $80.55. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The firm has a market capitalization of $76.79 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 EPS. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on PYPL shares. 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 research report on Monday, December 9th. Susquehanna increased their target price on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Finally, Monness Crespi & Hardt raised their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Thirteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $90.52.

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.