LGT Capital Partners LTD. Has $57.86 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

LGT Capital Partners LTD. raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 942,140 shares of the credit services provider’s stock after buying an additional 38,950 shares during the quarter. PayPal comprises 1.7% of LGT Capital Partners LTD.’s investment portfolio, making the stock its 20th largest position. LGT Capital Partners LTD.’s holdings in PayPal were worth $57,857,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Sutton Wealth Advisors Inc. boosted its holdings in PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 237 shares during the last quarter. PCA Investment Advisory Services Inc. purchased a new stake in PayPal in the 2nd quarter valued at about $27,000. Resurgent Financial Advisors LLC purchased a new position in shares of PayPal in the 4th quarter worth approximately $29,000. BluePath Capital Management LLC purchased a new stake in shares of PayPal during the third quarter valued at approximately $33,000. Finally, Beacon Capital Management LLC boosted its position in PayPal by 58.6% in the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

PayPal Price Performance

PayPal stock opened at $66.99 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $77.95. The firm has a market capitalization of $71.80 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. The firm has a 50-day moving average price of $61.46 and a 200-day moving average price of $59.41.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the business earned $1.01 EPS. PayPal’s revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 3.95 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on PYPL. JPMorgan Chase & Co. lowered their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Mizuho dropped their price target on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Canaccord Genuity Group lowered their target price on shares of PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Bank of America cut PayPal from a “buy” rating to a “neutral” rating and reduced their price target for the company from $77.00 to $66.00 in a research report on Wednesday, December 6th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Twenty-four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, PayPal presently has an average rating of “Hold” and an average target price of $70.47.

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.