Sanctuary Advisors LLC Has $21.05 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sanctuary Advisors LLC decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 235,055 shares of the credit services provider’s stock after selling 4,140 shares during the quarter. Sanctuary Advisors LLC’s holdings in PayPal were worth $21,054,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PYPL. Mizuho Securities USA LLC boosted its holdings 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 during the last quarter. FMR LLC increased its stake in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC bought a new position in PayPal in the third quarter valued at approximately $387,435,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after buying an additional 2,689,162 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of PayPal by 9,864.9% during the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after acquiring an additional 1,108,030 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL stock opened at $77.97 on Tuesday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25. The business’s 50 day simple moving average is $86.42 and its 200 day simple moving average is $80.36. The stock has a market capitalization of $77.13 billion, a PE ratio of 19.44, a PEG ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 earnings per share. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on PYPL. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. UBS Group upped their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Piper Sandler lifted their target price on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Macquarie boosted their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.52.

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.