Capital Research Global Investors Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Capital Research Global Investors boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 108.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,924,106 shares of the credit services provider's stock after buying an additional 9,313,783 shares during the quarter. Capital Research Global Investors owned approximately 1.81% of PayPal worth $1,529,823,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC increased its stake in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after buying an additional 3,976 shares during the last quarter. Nikko Asset Management Americas Inc. raised its holdings in PayPal by 2.7% during 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 acquiring an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP boosted its position in 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 purchasing an additional 183,011 shares during the last quarter. StoneX Group Inc. grew its stake in PayPal by 70.4% in the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after purchasing an additional 11,260 shares in the last quarter. Finally, Fortem Financial Group LLC increased its position in shares of PayPal by 28.0% during the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock worth $2,842,000 after purchasing an additional 7,291 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business'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 transaction, the director now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by insiders.

PayPal Stock Up 2.3 %

Shares of NASDAQ:PYPL traded up $1.40 during midday trading on Wednesday, hitting $62.82. 5,990,805 shares of the company's stock were exchanged, compared to its average volume of 11,436,987. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a market cap of $62.14 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The stock has a 50 day moving average price of $67.60 and a 200-day moving average price of $78.94.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 earnings per share. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent analyst reports. Needham & Company LLC restated a "hold" rating on shares of PayPal in a report on Wednesday, February 26th. Compass Point began coverage on PayPal in a report on Wednesday. They set a "sell" rating and a $56.00 price target for the company. Citigroup restated an "outperform" rating on shares of PayPal in a research note on Wednesday, February 5th. Susquehanna boosted their target price on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods cut their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.88.

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.