Wilmington Savings Fund Society FSB Increases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Wilmington Savings Fund Society FSB grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,484 shares of the credit services provider’s stock after buying an additional 263 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in PayPal were worth $895,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PYPL. Mizuho Securities USA LLC grew its holdings in shares of PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares during the period. FMR LLC boosted its position in shares of PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC purchased a new stake in PayPal in the third quarter worth $387,435,000. Robeco Institutional Asset Management B.V. raised its holdings in PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after purchasing an additional 2,689,162 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in PayPal by 9,864.9% during the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after buying an additional 1,108,030 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

NASDAQ PYPL opened at $78.24 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The stock has a market cap of $77.40 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.29 and a beta of 1.44. The company’s 50 day moving average is $87.52 and its two-hundred day moving average is $79.79.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $1.48 EPS. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, February 5th. Susquehanna raised their target price on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Monness Crespi & Hardt lifted their target price on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Citigroup upped their price target on PayPal from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Finally, Stephens lifted their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.52.

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.