Generali Asset Management SPA SGR Makes New $3.12 Million Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Generali Asset Management SPA SGR acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 36,499 shares of the credit services provider's stock, valued at approximately $3,115,000.

Several other institutional investors also recently bought and sold shares of PYPL. FMR LLC grew its stake in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal in the 3rd quarter worth $387,435,000. Robeco Institutional Asset Management B.V. grew its stake in shares of 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 in the last quarter. Raymond James Financial Inc. purchased a new position in shares of PayPal in the 4th quarter worth $135,537,000. Finally, Primecap Management Co. CA grew its stake in shares of PayPal by 21.6% in the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider's stock worth $469,414,000 after buying an additional 1,069,356 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PYPL shares. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Barclays lifted their price objective on shares of PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Friday, February 28th. Finally, Susquehanna raised their target price on shares of 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 given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.03.

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Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business'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 approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company's stock.

PayPal Stock Up 0.7 %

Shares of PayPal stock traded up $0.52 on Friday, reaching $70.19. The stock had a trading volume of 14,602,008 shares, compared to its average volume of 10,922,245. The company has a 50 day moving average price of $78.19 and a 200 day moving average price of $80.86. 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 1 year low of $56.97 and a 1 year high of $93.66. The stock has a market capitalization of $69.43 billion, a P/E ratio of 17.50, 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $8.27 billion. During the same quarter in the previous year, the firm earned $1.48 EPS. The company's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.