Mn Services Vermogensbeheer B.V. Has $34.67 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mn Services Vermogensbeheer B.V. boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.9% during the fourth quarter, Holdings Channel reports. The fund owned 406,199 shares of the credit services provider’s stock after purchasing an additional 11,400 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in PayPal were worth $34,669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal during the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp grew its holdings in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in PayPal during the 3rd quarter worth $36,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research report on Friday, December 13th. Citigroup reissued an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Finally, UBS Group lifted their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Fourteen research 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 stock. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average price target of $90.55.

PayPal Trading Down 2.7 %

Shares of NASDAQ:PYPL opened at $72.05 on Thursday. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The firm has a market cap of $71.27 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.27 and a beta of 1.44. The company has a 50 day moving average of $84.25 and a 200-day moving average of $80.96. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share 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 analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 EPS. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.