Metis Global Partners LLC Buys 941 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Metis Global Partners LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.0% during the third quarter, Holdings Channel reports. The firm owned 46,869 shares of the credit services provider’s stock after purchasing an additional 941 shares during the quarter. Metis Global Partners LLC’s holdings in PayPal were worth $3,657,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Planning Capital Management Corp lifted its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the period. Zions Bancorporation N.A. increased its holdings in PayPal by 11.1% during the third quarter. Zions Bancorporation N.A. now owns 46,117 shares of the credit services provider’s stock valued at $3,599,000 after buying an additional 4,614 shares during the last quarter. KBC Group NV raised its position in PayPal by 22.5% in the third quarter. KBC Group NV now owns 656,643 shares of the credit services provider’s stock worth $51,238,000 after acquiring an additional 120,734 shares during the period. Mizuho Securities Co. Ltd. boosted its stake in shares of PayPal by 181.9% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 9,020 shares of the credit services provider’s stock worth $704,000 after acquiring an additional 5,820 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd grew its position in shares of PayPal by 16.1% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 13,346 shares of the credit services provider’s stock valued at $1,041,000 after acquiring an additional 1,855 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 1.7 %

NASDAQ:PYPL opened at $85.79 on Friday. The stock has a market capitalization of $86.01 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.56 and a beta of 1.43. PayPal Holdings, Inc. has a 1 year low of $55.28 and a 1 year high of $87.92. The stock has a fifty day moving average price of $78.25 and a two-hundred day moving average price of $68.76. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

PYPL has been the topic of several analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Mizuho lifted their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Barclays increased their target price on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $68.00 to $72.00 in a report on Friday, August 9th. Finally, Canaccord Genuity Group increased their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average price target of $83.45.

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.