PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 166,823 shares of the credit services provider’s stock after selling 1,767 shares during the quarter. Baillie Gifford & Co.’s holdings in PayPal were worth $14,238,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PYPL. Mizuho Securities USA LLC raised its holdings in shares of PayPal by 12,919.4% in the third 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 last quarter. FMR LLC raised its holdings in shares of PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of PayPal in the third quarter worth $387,435,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of 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 acquiring an additional 2,689,162 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after acquiring an additional 1,108,030 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PYPL. Citigroup lifted their price objective on PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. lifted their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a research report on Thursday, December 12th. Canaccord Genuity Group lifted their price objective on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price objective on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $90.52.

PayPal Trading Up 1.8 %

NASDAQ:PYPL opened at $77.97 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The business’s 50-day simple moving average is $86.42 and its 200 day simple moving average is $80.36. The stock has a market cap of $77.13 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.