Sei Investments Co. Acquires 416,184 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Sei Investments Co. boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 184.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 641,834 shares of the credit services provider’s stock after acquiring an additional 416,184 shares during the quarter. Sei Investments Co. owned 0.06% of PayPal worth $54,780,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. World Investment Advisors LLC bought a new stake in PayPal in the third quarter valued at $387,435,000. Robeco Institutional Asset Management B.V. grew its position 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 valued at $361,316,000 after acquiring an additional 2,689,162 shares during the period. Raymond James Financial Inc. acquired a new position in PayPal during the fourth quarter worth $135,537,000. Finally, Contrarius Group Holdings Ltd bought a new position in shares of PayPal during the fourth quarter valued at $81,342,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. BTIG Research reissued a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Barclays raised their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. 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 company. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $70.19 on Monday. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. 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 company has a market capitalization of $69.43 billion, a PE ratio of 17.50, a PEG ratio of 1.27 and a beta of 1.52. The stock’s fifty day simple moving average is $78.19 and its 200 day simple moving average is $80.92.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the business posted $1.48 EPS. PayPal’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS 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.