APG Asset Management N.V. Purchases New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

APG Asset Management N.V. purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 627,081 shares of the credit services provider's stock, valued at approximately $51,686,000. APG Asset Management N.V. owned about 0.06% of PayPal as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PYPL. Relyea Zuckerberg Hanson LLC boosted its stake in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock worth $638,000 after purchasing an additional 3,976 shares during the period. Nikko Asset Management Americas Inc. lifted its stake in PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after purchasing an additional 18,172 shares during the last quarter. ExodusPoint Capital Management LP boosted its position in shares of PayPal by 223.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after buying an additional 183,011 shares during the period. StoneX Group Inc. grew its stake in shares of PayPal by 70.4% during the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after buying an additional 11,260 shares during the last quarter. Finally, Fortem Financial Group LLC raised its holdings in shares of PayPal by 28.0% in the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock worth $2,842,000 after buying an additional 7,291 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the 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 owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

PayPal Stock Performance

Shares of NASDAQ PYPL traded up $2.03 during midday trading on Friday, reaching $62.59. The company had a trading volume of 12,914,497 shares, compared to its average volume of 11,486,563. The stock has a market cap of $61.92 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.27 and a beta of 1.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The business's 50-day simple moving average is $69.88 and its 200 day simple moving average is $79.76.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its 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. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. BTIG Research restated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Arete Research set a $81.00 price objective on shares of PayPal in a report on Thursday, March 27th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research report on Friday, February 28th. Finally, Piper Sandler reduced their target price on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $88.32.

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.