NS Partners Ltd Has $15.51 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

NS Partners Ltd grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.1% during the third quarter, Holdings Channel.com reports. The firm owned 198,729 shares of the credit services provider’s stock after acquiring an additional 28,986 shares during the period. NS Partners Ltd’s holdings in PayPal were worth $15,507,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PYPL. Acadian Asset Management LLC lifted its position in shares of PayPal by 216.9% during the first quarter. Acadian Asset Management LLC now owns 41,702 shares of the credit services provider’s stock worth $2,792,000 after purchasing an additional 28,543 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in PayPal by 29.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 52,341 shares of the credit services provider’s stock worth $3,506,000 after purchasing an additional 11,984 shares during the last quarter. Bessemer Group Inc. lifted its holdings in PayPal by 18.5% during the 1st quarter. Bessemer Group Inc. now owns 12,898 shares of the credit services provider’s stock worth $863,000 after buying an additional 2,018 shares in the last quarter. Lake Street Advisors Group LLC boosted its position in PayPal by 67.7% in the 1st quarter. Lake Street Advisors Group LLC now owns 11,901 shares of the credit services provider’s stock valued at $797,000 after buying an additional 4,803 shares during the last quarter. Finally, Natixis increased its stake in shares of PayPal by 95.8% in the 1st quarter. Natixis now owns 121,073 shares of the credit services provider’s stock valued at $8,111,000 after buying an additional 59,227 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 target price on shares of PayPal in a research report on Wednesday, September 18th. Mizuho raised their price target on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Canaccord Genuity Group upped their price objective on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. William Blair upgraded PayPal to a “hold” rating in a report on Tuesday, July 30th. Finally, The Goldman Sachs Group upped their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.45.

PayPal Price Performance

NASDAQ PYPL opened at $84.09 on Wednesday. The firm’s 50 day moving average is $79.47 and its 200-day moving average is $69.29. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $84.30 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.53 and a beta of 1.43. PayPal Holdings, Inc. has a 12-month low of $55.28 and a 12-month high of $87.92.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the business earned $0.97 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.56 earnings per share 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.