PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,823 shares of the credit services provider’s stock after selling 177 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in PayPal were worth $4,342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Primecap Management Co. CA raised its stake in PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after acquiring an additional 3,184,160 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of PayPal by 125.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after purchasing an additional 958,130 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of PayPal by 15.8% during the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock worth $445,103,000 after purchasing an additional 904,804 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in PayPal by 31.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock valued at $194,262,000 after buying an additional 687,940 shares during the last quarter. Finally, Swedbank AB acquired a new position in PayPal in the 1st quarter valued at $42,297,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Monness Crespi & Hardt raised their target price on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Citigroup raised their price objective on shares of PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Robert W. Baird boosted their target price on PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Argus raised PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, TD Cowen lifted their price target on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $75.58.

PayPal Stock Performance

PayPal stock opened at $76.76 on Monday. The stock has a fifty day moving average price of $67.01 and a 200 day moving average price of $64.46. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $78.25. The firm has a market capitalization of $80.29 billion, a P/E ratio of 19.34, a PEG ratio of 1.01 and a beta of 1.43. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period in the prior year, the firm posted $0.83 EPS. The company’s revenue was up 8.2% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

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.