Carmignac Gestion Decreases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Carmignac Gestion lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 84.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,547 shares of the credit services provider’s stock after selling 19,990 shares during the period. Carmignac Gestion’s holdings in PayPal were worth $248,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Circle Wealth Management LLC increased its holdings in shares of PayPal by 114.0% in the second quarter. Circle Wealth Management LLC now owns 18,885 shares of the credit services provider’s stock worth $1,319,000 after buying an additional 10,059 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in PayPal by 59.9% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 358,200 shares of the credit services provider’s stock valued at $25,017,000 after purchasing an additional 134,200 shares during the period. Prudential PLC increased its holdings in PayPal by 4.1% during the 2nd quarter. Prudential PLC now owns 27,036 shares of the credit services provider’s stock valued at $1,888,000 after purchasing an additional 1,053 shares during the period. MayTech Global Investments LLC increased its holdings in PayPal by 12.8% during the 2nd quarter. MayTech Global Investments LLC now owns 133,489 shares of the credit services provider’s stock valued at $9,322,000 after purchasing an additional 15,175 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in PayPal during the 2nd quarter valued at about $598,000. Hedge funds and other institutional investors own 70.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PYPL. Deutsche Bank Aktiengesellschaft boosted their price target on PayPal from $114.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 12th. JMP Securities boosted their price target on PayPal from $100.00 to $120.00 and gave the company a “market outperform” rating in a report on Wednesday, August 3rd. Morgan Stanley boosted their price target on PayPal from $135.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, November 4th. Susquehanna downgraded PayPal from a “positive” rating to a “neutral” rating and reduced their price target for the company from $115.00 to $100.00 in a report on Tuesday, September 20th. Finally, Robert W. Baird reduced their target price on PayPal from $120.00 to $100.00 in a report on Friday, November 4th. Thirteen investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.02.

PayPal Stock Performance

Shares of NASDAQ PYPL traded up $0.84 during midday trading on Thursday, hitting $80.75. 8,851,732 shares of the stock traded hands, compared to its average volume of 16,729,730. The firm has a 50-day moving average of $86.39 and a two-hundred day moving average of $84.85. The firm has a market capitalization of $92.06 billion, a P/E ratio of 40.99, a PEG ratio of 1.64 and a beta of 1.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 1.27. PayPal Holdings, Inc. has a one year low of $67.58 and a one year high of $197.69.

PayPal (NASDAQ:PYPLGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The credit services provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. PayPal had a return on equity of 16.85% and a net margin of 8.50%. The firm had revenue of $6.85 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the firm earned $0.90 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 3.1 EPS for the current fiscal year.

About PayPal

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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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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