Alberta Investment Management Corp Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Alberta Investment Management Corp increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 91.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,600 shares of the credit services provider's stock after purchasing an additional 20,800 shares during the period. Alberta Investment Management Corp's holdings in PayPal were worth $3,721,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in PYPL. Park Place Capital Corp lifted its holdings in shares of PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after buying an additional 116 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the period. JFS Wealth Advisors LLC boosted its position in shares of PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares in the last quarter. Wynn Capital LLC grew its stake in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after purchasing an additional 130 shares during the period. Finally, Brave Asset Management Inc. increased its holdings in shares of PayPal by 5.2% in the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider's stock valued at $241,000 after purchasing an additional 141 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Phillip Securities restated an "accumulate" rating and set a $90.00 target price (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Monness Crespi & Hardt upped their price target on PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, October 28th. JPMorgan Chase & Co. lifted their price objective on PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price target on PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $90.52.

PayPal Trading Down 3.5 %

Shares of NASDAQ PYPL traded down $2.68 during midday trading on Friday, hitting $74.95. The stock had a trading volume of 15,156,060 shares, compared to its average volume of 11,485,007. The company has a fifty day moving average price of $85.50 and a 200 day moving average price of $80.53. The company has a market capitalization of $74.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.28 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating 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 analysts' expectations of $8.27 billion. During the same period in the previous year, the company posted $1.48 earnings per share. PayPal's revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal 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.