Richelieu Gestion SA Increases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Richelieu Gestion SA raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 31.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,031 shares of the credit services provider’s stock after purchasing an additional 8,524 shares during the quarter. Richelieu Gestion SA’s holdings in PayPal were worth $2,404,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Resurgent Financial Advisors LLC purchased a new stake in PayPal in the fourth quarter valued at approximately $29,000. Lauer Wealth LLC acquired a new position in shares of PayPal in the first quarter worth $31,000. Dakota Community Bank & Trust NA grew its stake in shares of PayPal by 168.8% in the first quarter. Dakota Community Bank & Trust NA now owns 422 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 265 shares in the last quarter. ZRC Wealth Management LLC acquired a new position in shares of PayPal in the first quarter worth $32,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of PayPal in the fourth quarter worth $33,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Analyst Ratings Changes

PYPL has been the subject of several research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $86.00 target price on shares of PayPal in a research note on Thursday, August 3rd. StockNews.com initiated coverage on shares of PayPal in a research note on Thursday, August 17th. They set a “hold” rating for the company. Atlantic Securities downgraded shares of PayPal from an “overweight” rating to a “neutral” rating and set a $72.00 target price for the company. in a research note on Tuesday, June 13th. Morgan Stanley lowered their target price on shares of PayPal from $133.00 to $126.00 and set an “overweight” rating for the company in a research note on Thursday, August 3rd. Finally, Sanford C. Bernstein lowered their target price on shares of PayPal from $85.00 to $70.00 in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average target price of $91.48.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $0.75 on Monday, hitting $63.46. The company had a trading volume of 7,054,615 shares, compared to its average volume of 15,281,777. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54. PayPal Holdings, Inc. has a 52-week low of $57.29 and a 52-week high of $95.64. The business has a 50 day moving average of $66.04 and a 200 day moving average of $68.34. The company has a market cap of $69.68 billion, a PE ratio of 17.61, a PEG ratio of 0.97 and a beta of 1.34.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.16. PayPal had a return on equity of 20.31% and a net margin of 14.27%. The business had revenue of $7.29 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the business earned $0.65 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 3.81 earnings per share for the current fiscal year.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.