denkapparat Operations GmbH Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

denkapparat Operations GmbH bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,300 shares of the credit services provider's stock, valued at approximately $367,000.

Several other hedge funds also recently modified their holdings of the company. Orion Portfolio Solutions LLC grew its holdings in PayPal by 20.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 28,353 shares of the credit services provider's stock valued at $2,420,000 after purchasing an additional 4,787 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of PayPal in the 4th quarter worth $10,020,000. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new position in shares of PayPal in the 4th quarter worth $3,079,000. Easterly Investment Partners LLC acquired a new position in PayPal in the fourth quarter valued at $213,000. Finally, Norges Bank purchased a new stake in PayPal during the fourth quarter valued at about $1,086,508,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Friday, February 28th. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target for the company in a research report on Friday, December 13th. Finally, Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Sixteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and an average target price of $89.40.

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Insider Buying and Selling

In other 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company's stock.

PayPal Stock Performance

NASDAQ:PYPL traded down $0.46 during midday trading on Monday, reaching $64.69. 4,740,766 shares of the company traded hands, compared to its average volume of 11,200,440. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. 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 company has a fifty day moving average price of $76.28 and a 200 day moving average price of $80.90. The firm has a market capitalization of $63.99 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

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