Fort Washington Investment Advisors Inc. OH Decreases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fort Washington Investment Advisors Inc. OH cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,941 shares of the credit services provider’s stock after selling 1,127 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in PayPal were worth $3,409,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Mizuho Securities USA LLC grew its position in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after buying an additional 10,419,351 shares in the last quarter. FMR LLC lifted its stake in PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC acquired a new position in PayPal in the third quarter valued at $387,435,000. Clearbridge Investments LLC grew its position in PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after purchasing an additional 1,866,925 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock valued at $87,336,000 after acquiring an additional 1,108,030 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PYPL has been the subject of several recent analyst reports. Canaccord Genuity Group lifted their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Oppenheimer began coverage on shares of PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Piper Sandler reissued a “neutral” rating and set a $88.00 price target on shares of PayPal in a research report on Friday, November 22nd. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and increased their price target for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Finally, Mizuho increased their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.32.

PayPal Price Performance

Shares of PYPL opened at $89.73 on Friday. The firm has a market capitalization of $89.96 billion, a PE ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.44. The company’s 50-day moving average is $87.62 and its 200-day moving average is $77.49. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. 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 released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping 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 business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

PayPal Company 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.