Daiwa Securities Group Inc. Reduces Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Daiwa Securities Group Inc. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,437 shares of the credit services provider’s stock after selling 40,557 shares during the period. Daiwa Securities Group Inc.’s holdings in PayPal were worth $21,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Family Firm Inc. acquired a new position in shares of PayPal in the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted its holdings in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the period. Tortoise Investment Management LLC lifted its holdings in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 465 shares during the period. Planning Capital Management Corp grew its stake in shares of PayPal by 186.1% during 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. Finally, LRI Investments LLC purchased a new position in shares of PayPal during the 1st quarter valued at approximately $34,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ:PYPL opened at $86.77 on Monday. The company’s 50-day moving average is $80.41 and its two-hundred day moving average is $69.72. The firm has a market capitalization of $86.99 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 1.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1-year low of $55.55 and a 1-year high of $87.92.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PYPL. Macquarie increased their price target on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research note on Wednesday, September 18th. Argus raised PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Oppenheimer initiated coverage on PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Robert W. Baird upped their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.60.

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.