Lbp Am Sa Purchases New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Lbp Am Sa acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,086 shares of the credit services provider’s stock, valued at approximately $775,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PYPL. FMR LLC raised its holdings in shares of PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of PayPal by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider’s stock valued at $564,631,000 after purchasing an additional 84,337 shares in the last quarter. Primecap Management Co. CA lifted its position in shares of PayPal by 21.6% in the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after purchasing an additional 1,069,356 shares during the period. World Investment Advisors LLC purchased a new position in PayPal during the third quarter valued at approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in 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 worth $361,316,000 after buying an additional 2,689,162 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PYPL. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Keefe, Bruyette & Woods raised their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Susquehanna lifted their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.03.

PayPal Trading Up 3.0 %

PayPal stock opened at $68.95 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market cap of $68.21 billion, a PE ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 1.52. The stock’s 50 day simple moving average is $79.96 and its two-hundred day simple moving average is $81.02. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 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.