National Pension Service Has $210.21 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

National Pension Service increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,462,886 shares of the credit services provider’s stock after acquiring an additional 378,488 shares during the period. National Pension Service’s holdings in PayPal were worth $210,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in PYPL. Rosenberg Matthew Hamilton raised its holdings 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 worth $26,000 after buying an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in PayPal in the third quarter valued at about $26,000. Sugarloaf Wealth Management LLC raised its stake in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Planning Capital Management Corp lifted its holdings in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares during the last quarter. Finally, Modus Advisors LLC acquired a new stake in shares of PayPal in the 4th quarter valued at approximately $37,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the topic of a number of research reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods upped their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group lifted their target price on shares of PayPal from $79.00 to $87.00 and gave the stock 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.52.

PayPal Stock Performance

PYPL opened at $74.07 on Wednesday. The company has a market cap of $73.27 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.27 and a beta of 1.44. The company’s fifty day moving average price is $84.52 and its two-hundred day moving average price is $81.02. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. 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 announced its quarterly earnings results 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 business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 EPS. On average, analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.