Mn Services Vermogensbeheer B.V. Lowers Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mn Services Vermogensbeheer B.V. trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,799 shares of the credit services provider’s stock after selling 9,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in PayPal were worth $30,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. PDS Planning Inc purchased a new position in PayPal in the 3rd quarter valued at $235,000. Palisades Hudson Asset Management L.P. purchased a new position in PayPal in the 3rd quarter valued at $261,000. QRG Capital Management Inc. grew its position in PayPal by 0.7% in the 3rd quarter. QRG Capital Management Inc. now owns 144,663 shares of the credit services provider’s stock valued at $11,288,000 after buying an additional 935 shares during the last quarter. Asset Management One Co. Ltd. grew its position in PayPal by 0.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 384,363 shares of the credit services provider’s stock valued at $29,992,000 after buying an additional 3,360 shares during the last quarter. Finally, National Pension Service grew its position in PayPal by 5.6% in the 3rd quarter. National Pension Service now owns 2,084,398 shares of the credit services provider’s stock valued at $162,646,000 after buying an additional 110,691 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Up 0.4 %

NASDAQ:PYPL traded up $0.32 during trading hours on Monday, hitting $77.57. The stock had a trading volume of 2,941,168 shares, compared to its average volume of 13,606,513. PayPal Holdings, Inc. has a 1-year low of $53.55 and a 1-year high of $83.70. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. The company has a market cap of $77.77 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.41 and a beta of 1.43. The business has a 50 day simple moving average of $76.50 and a two-hundred day simple moving average of $67.72.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the company earned $0.97 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on PYPL shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $68.00 to $72.00 in a research report on Friday, August 9th. Mizuho boosted their target price on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Canaccord Genuity Group boosted their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Barclays boosted their price objective on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Fifteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $83.45.

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.