Prudential Financial Inc. Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Prudential Financial Inc. grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 0.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,009,664 shares of the credit services provider’s stock after acquiring an additional 5,970 shares during the period. Prudential Financial Inc. owned about 0.09% of PayPal worth $88,594,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PYPL. Lee Financial Co raised its stake in shares of PayPal by 60.4% in the 2nd quarter. Lee Financial Co now owns 361 shares of the credit services provider’s stock valued at $25,000 after acquiring an additional 136 shares during the period. New Millennium Group LLC purchased a new position in shares of PayPal in the 2nd quarter valued at $30,000. CKW Financial Group acquired a new stake in PayPal during the 2nd quarter valued at $36,000. Hanson & Doremus Investment Management grew its holdings in PayPal by 34.9% during the 2nd quarter. Hanson & Doremus Investment Management now owns 553 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 143 shares in the last quarter. Finally, Heritage Financial Services LLC acquired a new stake in PayPal during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

PayPal Price Performance

NASDAQ PYPL traded up $0.48 on Tuesday, reaching $79.98. 1,013,997 shares of the stock traded hands, compared to its average volume of 12,663,373. The firm’s fifty day simple moving average is $75.97 and its 200 day simple moving average is $83.84. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.51. The company has a market cap of $91.18 billion, a price-to-earnings ratio of 40.36, a P/E/G ratio of 1.33 and a beta of 1.31. PayPal Holdings, Inc. has a 12 month low of $66.39 and a 12 month high of $176.20.

PayPal (NASDAQ:PYPL – Get Rating) last issued its quarterly earnings results on Thursday, November 3rd. The credit services provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.82 billion. PayPal had a return on equity of 16.85% and a net margin of 8.50%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. As a group, research analysts predict that PayPal Holdings, Inc. will post 3.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PYPL shares. UBS Group raised their price target on shares of PayPal to $125.00 in a report on Monday, December 12th. Citigroup lowered their price target on shares of PayPal from $122.00 to $102.00 in a report on Friday, November 4th. The Goldman Sachs Group lowered their price target on shares of PayPal from $127.00 to $110.00 and set a “buy” rating for the company in a report on Friday, November 4th. StockNews.com raised shares of PayPal from a “sell” rating to a “hold” rating in a report on Thursday, October 20th. Finally, Mizuho decreased their price objective on shares of PayPal from $118.00 to $105.00 and set a “buy” rating for the company in a report on Monday, December 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.31.

About PayPal

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.