E. Ohman J or Asset Management AB Reduces Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

E. Ohman J or Asset Management AB decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,000 shares of the credit services provider’s stock after selling 2,600 shares during the period. E. Ohman J or Asset Management AB’s holdings in PayPal were worth $3,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Global Trust Asset Management LLC grew its stake in PayPal by 9.5% in the 3rd quarter. Global Trust Asset Management LLC now owns 5,748 shares of the credit services provider’s stock worth $449,000 after acquiring an additional 500 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in shares of PayPal by 12.2% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 10,585 shares of the credit services provider’s stock valued at $826,000 after purchasing an additional 1,155 shares during the period. Lafayette Investments Inc. grew its stake in PayPal by 2.2% in the third quarter. Lafayette Investments Inc. now owns 52,845 shares of the credit services provider’s stock worth $4,123,000 after purchasing an additional 1,153 shares in the last quarter. Impact Partnership Wealth LLC purchased a new position in PayPal during the 3rd quarter worth $775,000. Finally, Boyd Watterson Asset Management LLC OH raised its position in PayPal by 292.1% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 21,035 shares of the credit services provider’s stock valued at $1,641,000 after purchasing an additional 15,670 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 0.7 %

PYPL opened at $81.39 on Friday. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $82.48. The company has a 50-day moving average price of $75.11 and a 200 day moving average price of $66.95. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $85.14 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on PYPL shares. JPMorgan Chase & Co. lifted their price objective on PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research report on Wednesday, September 18th. Jefferies Financial Group dropped their price objective on shares of PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Stephens upped their target price on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday, September 23rd. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.03.

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.