PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 209,893 shares of the credit services provider’s stock after selling 174 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in PayPal were worth $12,179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Clearbridge Investments LLC boosted its position in PayPal by 15.8% during the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock worth $445,103,000 after acquiring an additional 904,804 shares during the last quarter. Primecap Management Co. CA lifted its stake 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 worth $287,043,000 after purchasing an additional 3,184,160 shares during the period. First Trust Advisors LP boosted its holdings in shares of PayPal by 1.7% during the fourth quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after purchasing an additional 61,384 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of PayPal by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock valued at $183,789,000 after purchasing an additional 409,322 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in PayPal by 5.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider’s stock valued at $176,789,000 after purchasing an additional 146,643 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Down 1.0 %

Shares of NASDAQ 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 stock’s 50 day moving average price is $67.01 and its two-hundred day moving average price is $64.42. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $78.25. The stock has a market capitalization 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on PYPL. Citigroup lifted their price target on PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a report on Monday, June 10th. William Blair upgraded shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. Sanford C. Bernstein raised shares of PayPal from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $71.00 to $78.00 in a research note on Wednesday, July 31st. The Goldman Sachs Group reissued a “neutral” rating and set a $69.00 price objective on shares of PayPal in a research note on Thursday. Finally, Mizuho reaffirmed an “outperform” rating and issued a $90.00 target price on shares of PayPal in a research report on Tuesday, August 20th. Seventeen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.