Erste Asset Management GmbH Buys 13,006 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Erste Asset Management GmbH lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 182,772 shares of the credit services provider's stock after acquiring an additional 13,006 shares during the quarter. Erste Asset Management GmbH's holdings in PayPal were worth $15,965,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rosenberg Matthew Hamilton raised its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the third quarter worth approximately $26,000. Sugarloaf Wealth Management LLC raised its stake 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. Planning Capital Management Corp lifted its position in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after buying an additional 268 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in shares of PayPal during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Insider Activity

In other PayPal 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several brokerages have issued reports on PYPL. Barclays raised their price target on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Wells Fargo & Company restated an "equal weight" rating on shares of PayPal in a research note on Wednesday, February 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a report on Wednesday, February 26th. Finally, Susquehanna boosted their price objective on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a report on Monday, January 6th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and an average target price of $90.03.

PayPal Price Performance

NASDAQ PYPL traded up $2.04 during trading on Friday, hitting $68.95. 9,825,998 shares of the company's stock were exchanged, compared to its average volume of 12,263,908. The stock's 50 day moving average price is $79.96 and its two-hundred day moving average price is $80.88. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $68.21 billion, a PE ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $1.48 EPS. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.