Mercer Global Advisors Inc. ADV Trims Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mercer Global Advisors Inc. ADV trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,057 shares of the credit services provider’s stock after selling 3,908 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in PayPal were worth $5,902,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Primecap Management Co. CA grew its position in shares of PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after acquiring an additional 3,184,160 shares during the period. The Manufacturers Life Insurance Company increased its position in PayPal by 125.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after buying an additional 958,130 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of PayPal by 15.8% in the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock worth $445,103,000 after buying an additional 904,804 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of PayPal by 31.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock worth $194,262,000 after buying an additional 687,940 shares during the period. Finally, Swedbank AB purchased a new position in shares of PayPal during the 1st quarter valued at about $42,297,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

PYPL opened at $76.76 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $67.01 and a 200 day moving average of $64.38. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $78.25. The stock has a market cap of $78.47 billion, a P/E ratio of 19.34, a PEG ratio of 1.01 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Analyst Ratings Changes

PYPL has been the topic of a number of recent analyst reports. Canaccord Genuity Group restated a “buy” rating and set a $80.00 target price on shares of PayPal in a research note on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and set a $84.00 price target on shares of PayPal in a report on Wednesday, July 31st. Wells Fargo & Company lifted their target price on PayPal from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Sanford C. Bernstein upgraded PayPal from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $71.00 to $78.00 in a research note on Wednesday, July 31st. Finally, Robert W. Baird lifted their price objective on shares of PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Seventeen 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $75.58.

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.