PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC boosted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 29.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,184,215 shares of the credit services provider's stock after purchasing an additional 270,642 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.12% of PayPal worth $101,073,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Norges Bank bought a new stake in PayPal during the 4th quarter valued at $1,086,508,000. Artisan Partners Limited Partnership raised its holdings in shares of PayPal by 284.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after purchasing an additional 5,772,198 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of PayPal in the 3rd quarter worth approximately $387,435,000. Robeco Institutional Asset Management B.V. raised its holdings 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 purchasing an additional 2,689,162 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in PayPal during the fourth quarter valued at approximately $135,537,000. Institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of research reports. Bank of America raised PayPal from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a report on Friday, February 28th. Wells Fargo & Company reissued an "equal weight" rating on shares of PayPal in a report on Wednesday, February 5th. Finally, Arete Research downgraded PayPal from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $89.40.

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Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm's 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 $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.14% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.10 during midday trading on Monday, hitting $65.25. The stock had a trading volume of 11,545,416 shares, compared to its average volume of 11,226,606. The company has a market capitalization of $64.55 billion, a PE ratio of 16.27, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The stock has a 50 day moving average price of $76.28 and a two-hundred day moving average price of $80.90. 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 (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. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the business posted $1.48 EPS. The company's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.