PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 196.3% in the third quarter, Holdings Channel.com reports. The fund owned 10,221 shares of the credit services provider’s stock after purchasing an additional 6,772 shares during the period. Wilmington Savings Fund Society FSB’s holdings in PayPal were worth $798,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Mizuho Securities USA LLC raised its holdings in PayPal by 12,919.4% during 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 purchasing an additional 10,419,351 shares during the last quarter. FMR LLC raised its stake in shares of 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 buying an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of PayPal in the 3rd quarter worth about $387,435,000. Primecap Management Co. CA grew its stake in PayPal by 180.7% in the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after acquiring an additional 3,184,160 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after acquiring an additional 1,866,925 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PYPL. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Saturday. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Finally, Morgan Stanley lifted their price objective on PayPal from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $86.74.

PayPal Stock Performance

Shares of PYPL stock opened at $91.02 on Monday. The company’s fifty day simple moving average is $83.87 and its 200-day simple moving average is $72.38. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 52 week low of $55.77 and a 52 week high of $93.66. The company has a market cap of $91.25 billion, a PE ratio of 21.72, a P/E/G ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 earnings per share. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.57 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.