Dimensional Fund Advisors LP Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Dimensional Fund Advisors LP lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,520,798 shares of the credit services provider's stock after buying an additional 252,540 shares during the period. Dimensional Fund Advisors LP owned approximately 0.36% of PayPal worth $300,515,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PYPL. Norges Bank purchased a new stake in PayPal during the fourth quarter valued at about $1,086,508,000. Artisan Partners Limited Partnership lifted its stake in shares of PayPal by 284.0% during 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 buying an additional 5,772,198 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in PayPal by 174.1% in the 4th 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 buying an additional 2,689,162 shares during the period. FMR LLC raised its holdings in PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of PayPal during the fourth quarter worth $135,537,000. 68.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PYPL shares. Susquehanna increased their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a report on Monday, January 6th. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research note on Friday, February 28th. Compass Point began coverage on PayPal in a report on Wednesday. They set a "sell" rating and a $56.00 price objective on the stock. Arete Research set a $81.00 price target on shares of PayPal in a research note on Thursday, March 27th. Finally, Piper Sandler decreased their price objective on PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PayPal currently has an average rating of "Moderate Buy" and a consensus price target of $85.88.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated 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 of the company's stock, 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 SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

PayPal Stock Performance

PayPal stock traded up $1.75 during mid-day trading on Thursday, reaching $64.21. 5,484,668 shares of the stock traded hands, compared to its average volume of 11,917,146. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The business's 50-day moving average is $67.29 and its 200-day moving average is $78.82. 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 stock has a market capitalization of $63.52 billion, a PE ratio of 16.01, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

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

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.