Lindsell Train Ltd Has $365.53 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Lindsell Train Ltd lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,282,692 shares of the credit services provider’s stock after selling 309,087 shares during the quarter. PayPal makes up about 9.1% of Lindsell Train Ltd’s investment portfolio, making the stock its 7th biggest position. Lindsell Train Ltd’s holdings in PayPal were worth $365,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RFG Advisory LLC grew its position in shares of PayPal by 21.7% in the 4th quarter. RFG Advisory LLC now owns 8,811 shares of the credit services provider’s stock worth $752,000 after buying an additional 1,574 shares during the last quarter. Greater Midwest Financial Group LLC boosted its stake in PayPal by 12.2% in the fourth quarter. Greater Midwest Financial Group LLC now owns 21,001 shares of the credit services provider’s stock valued at $1,792,000 after acquiring an additional 2,289 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in PayPal by 41.0% in the fourth quarter. Cornerstone Wealth Management LLC now owns 11,063 shares of the credit services provider’s stock worth $944,000 after purchasing an additional 3,219 shares during the last quarter. Brighton Jones LLC increased its position in shares of PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after purchasing an additional 924 shares in the last quarter. Finally, New Century Financial Group LLC purchased a new stake in shares of PayPal during the 4th quarter valued at $274,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PYPL shares. Stephens boosted their target price on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. UBS Group upped their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group lifted their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Piper Sandler boosted their target price on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Mizuho raised their price target on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Stock Down 0.1 %

Shares of PYPL opened at $89.73 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market cap of $89.96 billion, a P/E ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.44. The stock’s 50 day moving average is $87.62 and its two-hundred day moving average is $77.49. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Analysts predict that PayPal Holdings, Inc. will post 4.58 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.