Tokio Marine Asset Management Co. Ltd. Boosts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Tokio Marine Asset Management Co. Ltd. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,652 shares of the credit services provider’s stock after purchasing an additional 1,211 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in PayPal were worth $7,854,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Bruce G. Allen Investments LLC boosted its position in PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 124 shares in the last quarter. First United Bank & Trust raised its holdings in PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in shares of PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after buying an additional 152 shares in the last quarter. SYSTM Wealth Solutions LLC grew its position in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the period. Finally, First Bank & Trust increased its stake in shares of PayPal by 4.4% in the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock worth $313,000 after acquiring an additional 171 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PYPL shares. UBS Group upped their price objective on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Phillip Securities restated an “accumulate” rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Royal Bank of Canada boosted their price objective on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Finally, Canaccord Genuity Group boosted their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Stock Down 0.5 %

Shares of NASDAQ:PYPL traded down $0.40 during trading hours on Thursday, reaching $86.91. The stock had a trading volume of 925,964 shares, compared to its average volume of 13,462,691. PayPal Holdings, Inc. has a 1 year low of $55.28 and a 1 year high of $87.92. The firm’s 50 day moving average is $78.25 and its 200-day moving average is $68.76. The stock has a market capitalization of $87.13 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.54 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.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Research analysts predict that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal 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.