PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 25.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,315 shares of the credit services provider's stock after purchasing an additional 3,348 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in PayPal were worth $1,392,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd bought a new position in PayPal in the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton grew its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC grew its position in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 272 shares during the period. Planning Capital Management Corp raised its stake in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after acquiring an additional 268 shares during the period. Finally, Financial Management Professionals Inc. raised its position in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock valued at $34,000 after buying an additional 243 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 1.6 %

NASDAQ PYPL traded up $1.23 during trading on Wednesday, reaching $78.96. 15,407,879 shares of the company's stock were exchanged, compared to its average volume of 10,821,806. The company's fifty day simple moving average is $88.01 and its 200-day simple moving average is $79.39. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The firm has a market capitalization of $79.16 billion, a PE ratio of 18.83, a P/E/G ratio of 1.49 and a beta of 1.44.

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, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 earnings per share. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Analyst Upgrades and Downgrades

PYPL has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their price target on PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Citigroup raised their target price on shares of PayPal from $97.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday. Mizuho boosted their price target on PayPal from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. Finally, Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and increased their target price for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $89.29.

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.