PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 60.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 32,000 shares of the credit services provider’s stock after acquiring an additional 12,000 shares during the quarter. PayPal accounts for approximately 1.2% of Mitsubishi UFJ Asset Management UK Ltd.’s investment portfolio, making the stock its 21st largest position. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in PayPal were worth $2,731,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Roberts Wealth Advisors LLC increased its stake in PayPal by 2.1% in the 4th quarter. Roberts Wealth Advisors LLC now owns 45,973 shares of the credit services provider’s stock worth $4,121,000 after purchasing an additional 933 shares in the last quarter. JBGlobal.com LLC purchased a new position in PayPal in the 4th quarter worth about $664,000. Atomi Financial Group Inc. increased its stake in PayPal by 10.8% in the 4th quarter. Atomi Financial Group Inc. now owns 11,339 shares of the credit services provider’s stock worth $968,000 after purchasing an additional 1,108 shares in the last quarter. TB Alternative Assets Ltd. purchased a new position in PayPal in the 4th quarter worth about $7,987,000. Finally, Perpetual Ltd increased its stake in PayPal by 8,761.1% in the 4th quarter. Perpetual Ltd now owns 946,545 shares of the credit services provider’s stock worth $80,788,000 after purchasing an additional 935,863 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several research analyst reports. The Goldman Sachs Group lifted their target price on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. BMO Capital Markets lifted their target price on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.32.

PayPal Stock Down 2.2 %

Shares of PYPL stock opened at $89.77 on Wednesday. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The firm has a market cap of $90.00 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44. The stock has a 50 day moving average of $87.50 and a 200-day moving average of $77.20. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict 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.