LGT Group Foundation Decreases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

LGT Group Foundation lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 41.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,762 shares of the credit services provider’s stock after selling 10,607 shares during the quarter. LGT Group Foundation’s holdings in PayPal were worth $931,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PYPL. Louisiana State Employees Retirement System purchased a new position in PayPal during the 4th quarter valued at about $9,267,000. Bartlett & Co. LLC grew its holdings in PayPal by 8.5% during the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after buying an additional 740 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in PayPal by 9.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after buying an additional 73,687 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in PayPal by 4.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after buying an additional 942 shares in the last quarter. Finally, Bellecapital International Ltd. grew its holdings in PayPal by 2.0% during the 4th quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock valued at $1,332,000 after buying an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 1.9 %

NASDAQ PYPL opened at $65.70 on Friday. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54. The stock has a market cap of $68.73 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.22 and a beta of 1.41. The stock’s fifty day moving average price is $63.56 and its 200-day moving average price is $60.44. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 earnings per share. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of recent analyst reports. Mizuho lifted their target price on PayPal from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday. Citigroup dropped their price target on PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Robert W. Baird lifted their price target on PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday. JMP Securities lifted their price target on PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday. Finally, Susquehanna lifted their price target on PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $72.73.

Insider Activity

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

About PayPal

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.