PayPal Holdings, Inc. (NASDAQ:PYPL) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,736,394 shares of the credit services provider's stock after purchasing an additional 271,836 shares during the quarter. Geode Capital Management LLC owned 2.20% of PayPal worth $1,849,884,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Park Place Capital Corp raised its stake in PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after acquiring an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in PayPal by 67.6% during the 4th 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 in the last quarter. JFS Wealth Advisors LLC raised its position in shares of PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares during the last quarter. Wynn Capital LLC raised its holdings in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after acquiring an additional 130 shares during the last quarter. Finally, Avalon Trust Co boosted its stake in shares of PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after purchasing an additional 135 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

PYPL has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Robert W. Baird reduced their price objective on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Piper Sandler decreased their target price 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. Morgan Stanley raised their price objective on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Macquarie raised their price objective on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and an average target price of $89.13.

PayPal Price Performance

Shares of PayPal stock traded down $5.44 during trading on Thursday, hitting $61.71. The stock had a trading volume of 18,465,580 shares, compared to its average volume of 11,239,439. The business has a fifty day moving average of $74.82 and a two-hundred day moving average of $80.74. The firm has a market cap of $61.05 billion, a P/E ratio of 15.39, a PEG ratio of 1.27 and a beta of 1.60. 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 debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

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, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the firm posted $1.48 EPS. The business's revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts expect 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 stock in a transaction on Thursday, February 27th. The stock was 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 owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by 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.