Nordea Investment Management AB Has $43.07 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Nordea Investment Management AB trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 75.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 502,893 shares of the credit services provider’s stock after selling 1,547,972 shares during the period. Nordea Investment Management AB owned approximately 0.05% of PayPal worth $43,068,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new position in PayPal in the 3rd quarter valued at $26,000. Planning Capital Management Corp boosted its holdings in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the last quarter. Financial Management Professionals Inc. increased its position in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the period. Modus Advisors LLC bought a new stake in PayPal during the 4th quarter worth about $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in PayPal during the 3rd quarter valued at about $36,000. 68.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on PYPL. Canaccord Genuity Group boosted their price target on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Stephens lifted their price objective on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Susquehanna increased their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday. Finally, Barclays boosted their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $88.65.

PayPal Stock Down 1.7 %

PYPL opened at $87.97 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $86.15 and its 200 day simple moving average is $75.34. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The stock has a market cap of $88.19 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the company posted $0.97 EPS. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share 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.