KBC Group NV Increases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

KBC Group NV grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 656,643 shares of the credit services provider’s stock after buying an additional 120,734 shares during the period. KBC Group NV owned approximately 0.07% of PayPal worth $51,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. lifted its position in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares in the last quarter. Family Firm Inc. bought a new position in shares of PayPal during the second quarter valued at $29,000. SYSTM Wealth Solutions LLC lifted its holdings in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. LRI Investments LLC bought a new stake in PayPal in the 1st quarter worth about $34,000. Finally, Tortoise Investment Management LLC increased its holdings in PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after buying an additional 465 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised their target price on shares of PayPal from $71.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Phillip Securities restated an “accumulate” rating and issued a $90.00 price target (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Canaccord Genuity Group lifted their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird increased their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Fifteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PayPal has an average rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Stock Down 1.7 %

PYPL opened at $85.79 on Friday. The company has a market capitalization of $86.01 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. The firm has a 50-day simple moving average of $78.25 and a two-hundred day simple moving average of $68.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 52 week low of $55.28 and a 52 week high of $87.92.

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