BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $194.26 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 31.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,899,859 shares of the credit services provider’s stock after buying an additional 687,940 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.28% of PayPal worth $194,262,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal in the fourth quarter worth $25,000. Pittenger & Anderson Inc. grew its holdings in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. American National Bank acquired a new stake in PayPal in the first quarter worth $27,000. Private Wealth Management Group LLC acquired a new stake in PayPal in the fourth quarter worth $29,000. Finally, Register Financial Advisors LLC acquired a new stake in PayPal in the first quarter worth $30,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

NASDAQ:PYPL traded down $0.57 during mid-day trading on Wednesday, hitting $61.24. 8,317,802 shares of the stock traded hands, compared to its average volume of 14,586,808. The business’s 50-day moving average price is $61.68 and its 200 day moving average price is $62.22. The company has a market cap of $64.06 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. PayPal’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. On average, analysts expect that PayPal Holdings, Inc. will post 4.14 EPS for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the transaction, the director now owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PYPL. Sanford C. Bernstein lifted their price objective on shares of PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Stephens lifted their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price objective on shares of PayPal in a report on Thursday, July 11th. JMP Securities lifted their price objective on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Company lifted their price objective on shares of PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Twenty research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.82.

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.