Edmond DE Rothschild Holding S.A. Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Edmond DE Rothschild Holding S.A. raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 90.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,084 shares of the credit services provider's stock after purchasing an additional 38,021 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in PayPal were worth $6,835,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PYPL. Meeder Asset Management Inc. boosted its holdings in PayPal by 41.3% during the 4th quarter. Meeder Asset Management Inc. now owns 2,303 shares of the credit services provider's stock worth $197,000 after acquiring an additional 673 shares during the last quarter. AIA Group Ltd purchased a new stake in PayPal during the fourth quarter worth about $2,065,000. O Shaughnessy Asset Management LLC raised its position in PayPal by 195.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 228,164 shares of the credit services provider's stock worth $19,474,000 after acquiring an additional 150,895 shares during the period. United Bank raised its position in PayPal by 8.2% in the fourth quarter. United Bank now owns 9,675 shares of the credit services provider's stock worth $826,000 after acquiring an additional 734 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its stake in PayPal by 29.6% in the fourth quarter. Brandywine Global Investment Management LLC now owns 1,184,215 shares of the credit services provider's stock valued at $101,073,000 after acquiring an additional 270,642 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

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PayPal Trading Up 1.3 %

PYPL traded up $0.85 during trading on Tuesday, reaching $66.10. The company had a trading volume of 7,997,855 shares, compared to its average volume of 11,219,273. 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 52 week low of $56.97 and a 52 week high of $93.66. The stock has a market cap of $65.39 billion, a P/E ratio of 16.48, a PEG ratio of 1.27 and a beta of 1.52. The business has a 50 day simple moving average of $75.28 and a 200-day simple moving average of $80.83.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for 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 firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 EPS. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PYPL shares. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of PayPal in a report on Wednesday, February 5th. Royal Bank of Canada restated an "outperform" rating and set a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Piper Sandler reduced their price objective on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. BTIG Research restated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, StockNews.com cut PayPal from a "buy" rating to a "hold" rating in a research report on Saturday. Sixteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $89.40.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction 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 completion of the sale, the director now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

About PayPal

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.