American Century Companies Inc. Has $144.81 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

American Century Companies Inc. lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 20.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,696,689 shares of the credit services provider's stock after buying an additional 293,624 shares during the period. American Century Companies Inc. owned about 0.17% of PayPal worth $144,812,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC boosted its stake in shares of PayPal by 86.3% during 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 buying an additional 7,767,072 shares during the period. World Investment Advisors LLC acquired a new stake in PayPal during the third quarter valued at $387,435,000. Robeco Institutional Asset Management B.V. grew 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 valued at $361,316,000 after purchasing an additional 2,689,162 shares in the last quarter. Raymond James Financial Inc. acquired a new position in PayPal in the 4th quarter worth about $135,537,000. Finally, Contrarius Group Holdings Ltd purchased a new stake in shares of PayPal during the 4th quarter worth about $81,342,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Price Performance

Shares of PayPal stock traded down $0.26 during midday trading on Tuesday, hitting $70.71. 4,545,455 shares of the company were exchanged, compared to its average volume of 10,911,865. The firm has a 50 day simple moving average of $77.93 and a 200-day simple moving average of $80.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $69.95 billion, a P/E ratio of 17.63, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66.

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

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on PYPL. Royal Bank of Canada restated an "outperform" rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Susquehanna increased their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. BTIG Research restated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective for the company in a report on Friday, December 13th. Finally, DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $90.03.

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.