Simon Quick Advisors LLC Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Simon Quick Advisors LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,583 shares of the credit services provider’s stock after acquiring an additional 1,859 shares during the period. Simon Quick Advisors LLC’s holdings in PayPal were worth $903,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Mizuho Securities USA LLC boosted its stake in 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. FMR LLC boosted its stake in shares of PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of PayPal during the 3rd quarter valued at $387,435,000. Clearbridge Investments LLC raised its position in PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after purchasing an additional 1,866,925 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after purchasing an additional 1,108,030 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PYPL. Canaccord Genuity Group raised their price objective on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company lifted their price target on PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Phillip Securities reaffirmed an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Finally, Stephens increased their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average target price of $89.32.

PayPal Price Performance

PYPL opened at $89.85 on Thursday. The firm has a market cap of $90.08 billion, a PE ratio of 21.44, a P/E/G ratio of 1.57 and a beta of 1.44. The stock has a 50-day moving average price of $87.57 and a 200-day moving average price of $77.41. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. 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 (NASDAQ:PYPL) last issued its earnings results 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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal 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.