International Assets Investment Management LLC Sells 1,105,439 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

International Assets Investment Management LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 98.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,823 shares of the credit services provider’s stock after selling 1,105,439 shares during the quarter. International Assets Investment Management LLC’s holdings in PayPal were worth $1,191,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PYPL. FMR LLC grew its stake in shares of PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after buying an additional 7,767,072 shares during the last quarter. Mizuho Securities USA LLC grew its position in PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares during the last quarter. Legal & General Group Plc increased its stake in PayPal by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after purchasing an additional 276,287 shares during the period. Clearbridge Investments LLC lifted its position in PayPal by 28.1% in the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares during the last quarter. Finally, Primecap Management Co. CA boosted its stake in shares of PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after purchasing an additional 1,069,356 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 0.0 %

Shares of PYPL stock opened at $87.94 on Thursday. PayPal Holdings, Inc. has a 1 year low of $55.77 and a 1 year high of $93.66. The firm has a fifty day moving average price of $86.34 and a 200-day moving average price of $75.43. The company has a market cap of $88.16 billion, a price-to-earnings ratio of 20.99, a PEG ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on PYPL. Oppenheimer assumed coverage on shares of PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Monness Crespi & Hardt upped their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Phillip Securities reissued an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Keefe, Bruyette & Woods upped their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, Macquarie lifted their target price on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average price target of $88.65.

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.