Dynamic Technology Lab Private Ltd Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Dynamic Technology Lab Private Ltd lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 197.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,822 shares of the credit services provider's stock after purchasing an additional 8,511 shares during the period. Dynamic Technology Lab Private Ltd's holdings in PayPal were worth $1,094,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal in the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton raised its stake in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in 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 buying an additional 272 shares during the period. Legacy Investment Solutions LLC bought a new stake in PayPal during the third quarter valued at $36,000. Finally, Modus Advisors LLC acquired a new position in shares of PayPal in the 4th quarter valued at about $37,000. Institutional investors 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 stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.14% of the company's stock.

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PayPal Stock Performance

PayPal stock traded up $6.54 during trading on Wednesday, hitting $63.95. The stock had a trading volume of 22,472,675 shares, compared to its average volume of 11,440,674. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock's 50 day moving average is $70.76 and its two-hundred day moving average is $79.99. The stock has a market cap of $63.26 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The business 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%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent analyst reports. StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a research note on Sunday. Arete Research set a $81.00 price objective on shares of PayPal in a research note on Thursday, March 27th. Citigroup reissued an "outperform" rating on shares of PayPal in a research note on Wednesday, February 5th. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $88.32.

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.