KBC Group NV Has $44.09 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

KBC Group NV trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 516,570 shares of the credit services provider’s stock after selling 140,073 shares during the quarter. KBC Group NV’s holdings in PayPal were worth $44,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares in the last quarter. World Investment Advisors LLC bought a new position in PayPal during the third quarter worth $387,435,000. United Advisor Group LLC acquired a new stake in PayPal in the third quarter worth $810,000. FCG Investment Co bought a new stake in PayPal in the third quarter valued at $1,079,000. Finally, Equity Investment Corp raised its holdings in shares of PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares during the period. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $86.00 to $103.00 in a report on Monday, December 9th. Canaccord Genuity Group increased their target price on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Stephens boosted their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Robert W. Baird raised their price objective on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Fourteen 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Stock Up 1.3 %

Shares of NASDAQ PYPL opened at $90.24 on Tuesday. The firm has a fifty day simple moving average of $87.76 and a two-hundred day simple moving average of $78.05. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $90.47 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the business posted $0.97 earnings per share. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post 4.58 earnings per share for the current 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.