DnB Asset Management AS Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

DnB Asset Management AS raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 101.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,066 shares of the credit services provider's stock after acquiring an additional 177,644 shares during the period. DnB Asset Management AS's holdings in PayPal were worth $30,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the 3rd quarter valued at approximately $26,000. Rosenberg Matthew Hamilton increased its position in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC raised its stake in shares of PayPal by 344.3% in the fourth 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. Legacy Investment Solutions LLC bought a new stake in shares of PayPal in the 3rd quarter worth about $36,000. Finally, Modus Advisors LLC purchased a new position in shares of PayPal during the 4th quarter worth about $37,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PayPal stock traded down $0.06 on Monday, reaching $65.09. 6,973,085 shares of the stock were exchanged, compared to its average volume of 11,674,354. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The business has a 50 day moving average price of $76.28 and a two-hundred day moving average price of $80.90. The firm has a market capitalization of $64.39 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.27 and a beta of 1.52.

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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 the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 earnings per share. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares of the company's stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on PYPL shares. Wells Fargo & Company reissued an "equal weight" rating on shares of PayPal in a research note on Wednesday, February 5th. Needham & Company LLC restated a "hold" rating on shares of PayPal in a report on Wednesday, February 26th. Robert W. Baird reduced their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Morgan Stanley boosted their price objective on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, PayPal presently has an average rating of "Moderate Buy" and an average price target of $89.40.

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.