Shaker Investments LLC OH Trims Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Shaker Investments LLC OH lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,584 shares of the credit services provider’s stock after selling 142 shares during the period. Shaker Investments LLC OH’s holdings in PayPal were worth $2,354,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in shares of PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after buying an additional 10,419,351 shares in the last quarter. Primecap Management Co. CA boosted its position in shares of PayPal by 21.6% in the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after acquiring an additional 1,069,356 shares during the period. World Investment Advisors LLC purchased a new position in PayPal during the third quarter valued at approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after acquiring an additional 2,689,162 shares during the period. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler raised their price target on shares of PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, January 24th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research note on Friday, December 13th. Keefe, Bruyette & Woods upped their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Macquarie lifted their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Phillip Securities restated an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Thirteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $90.52.

PayPal Price Performance

Shares of PayPal stock opened at $78.24 on Tuesday. The company’s fifty day simple moving average is $87.52 and its two-hundred day simple moving average is $79.79. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The firm has a market cap of $77.40 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $1.48 earnings per share. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.