CX Institutional Acquires 602 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

CX Institutional raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,987 shares of the credit services provider’s stock after acquiring an additional 602 shares during the period. CX Institutional’s holdings in PayPal were worth $682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. grew its holdings in shares of PayPal by 35.4% in the second quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock worth $8,545,000 after purchasing an additional 38,488 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of PayPal by 49.5% in the second quarter. Public Sector Pension Investment Board now owns 46,228 shares of the credit services provider’s stock worth $2,683,000 after purchasing an additional 15,316 shares during the last quarter. AXA S.A. grew its holdings in shares of PayPal by 1.8% in the second quarter. AXA S.A. now owns 274,410 shares of the credit services provider’s stock worth $15,924,000 after purchasing an additional 4,809 shares during the last quarter. APG Asset Management N.V. grew its holdings in shares of PayPal by 165.2% in the second quarter. APG Asset Management N.V. now owns 123,808 shares of the credit services provider’s stock worth $6,704,000 after purchasing an additional 77,124 shares during the last quarter. Finally, Daymark Wealth Partners LLC grew its holdings in shares of PayPal by 27.8% in the second quarter. Daymark Wealth Partners LLC now owns 12,200 shares of the credit services provider’s stock worth $708,000 after purchasing an additional 2,654 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Oppenheimer assumed coverage on shares of PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Susquehanna lifted their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Finally, Macquarie lifted their price target on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Price Performance

NASDAQ PYPL opened at $89.11 on Friday. PayPal Holdings, Inc. has a one year low of $55.77 and a one year high of $93.66. The stock has a 50-day moving average of $87.76 and a 200 day moving average of $77.79. The company has a market capitalization of $89.34 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 1.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the company earned $0.97 EPS. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

PayPal Company 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.