Assenagon Asset Management S.A. Has $133.22 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Assenagon Asset Management S.A. reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,560,895 shares of the credit services provider’s stock after selling 233,446 shares during the quarter. Assenagon Asset Management S.A.’s holdings in PayPal were worth $133,222,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Fifth Third Wealth Advisors LLC grew its holdings in PayPal by 41.0% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 16,179 shares of the credit services provider’s stock valued at $1,381,000 after buying an additional 4,708 shares during the last quarter. Oak Thistle LLC bought a new stake in shares of PayPal in the fourth quarter valued at approximately $209,000. Wynn Capital LLC grew its stake in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 130 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the period. Finally, Global Financial Private Client LLC raised its stake in PayPal by 992.7% during the 4th quarter. Global Financial Private Client LLC now owns 1,344 shares of the credit services provider’s stock valued at $115,000 after purchasing an additional 1,221 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on PYPL. Stephens raised their price target on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Macquarie upped their price target on PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Citigroup lifted their price objective on PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Fourteen 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.16.

PayPal Price Performance

PYPL stock opened at $87.18 on Wednesday. The stock has a 50-day moving average price of $86.91 and a two-hundred day moving average price of $76.31. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The stock has a market cap of $87.40 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. 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 (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business 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%. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

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.