Natixis Advisors LLC Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Natixis Advisors LLC grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.2% in the third quarter, HoldingsChannel.com reports. The firm owned 591,223 shares of the credit services provider’s stock after buying an additional 23,890 shares during the quarter. Natixis Advisors LLC’s holdings in PayPal were worth $46,133,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PYPL. Intech Investment Management LLC boosted its stake in shares of PayPal by 315.6% during the first quarter. Intech Investment Management LLC now owns 27,872 shares of the credit services provider’s stock valued at $1,867,000 after purchasing an additional 21,166 shares during the period. Acadian Asset Management LLC lifted its stake in PayPal by 216.9% in the first quarter. Acadian Asset Management LLC now owns 41,702 shares of the credit services provider’s stock worth $2,792,000 after acquiring an additional 28,543 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in PayPal in the first quarter worth $1,256,000. Covestor Ltd lifted its stake in PayPal by 39.8% in the first quarter. Covestor Ltd now owns 2,763 shares of the credit services provider’s stock worth $185,000 after acquiring an additional 786 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in PayPal by 29.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 52,341 shares of the credit services provider’s stock worth $3,506,000 after acquiring an additional 11,984 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Mizuho increased their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Jefferies Financial Group decreased their price objective on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Finally, Macquarie increased their price objective on PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Trading Up 0.0 %

Shares of NASDAQ:PYPL opened at $85.83 on Monday. The stock has a market capitalization of $86.05 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.53 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s 50-day simple moving average is $78.86 and its two-hundred day simple moving average is $69.04. PayPal Holdings, Inc. has a 52-week low of $55.28 and a 52-week high of $87.92.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the firm posted $0.97 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current 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.