Harvest Fund Management Co. Ltd Has $7.71 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Harvest Fund Management Co. Ltd lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 46.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 90,623 shares of the credit services provider's stock after purchasing an additional 28,817 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in PayPal were worth $7,709,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PYPL. Koss Olinger Consulting LLC boosted its holdings in PayPal by 21.5% in the fourth quarter. Koss Olinger Consulting LLC now owns 70,454 shares of the credit services provider's stock valued at $6,013,000 after acquiring an additional 12,468 shares during the last quarter. Vinva Investment Management Ltd raised its position in PayPal by 5.8% in the fourth quarter. Vinva Investment Management Ltd now owns 49,179 shares of the credit services provider's stock valued at $4,201,000 after purchasing an additional 2,706 shares during the period. Platinum Investment Management Ltd. raised its position in PayPal by 4,466.2% in the fourth quarter. Platinum Investment Management Ltd. now owns 60,000 shares of the credit services provider's stock valued at $5,121,000 after purchasing an additional 58,686 shares during the period. Enhancing Capital LLC purchased a new position in PayPal in the fourth quarter valued at about $1,007,000. Finally, Xponance Inc. raised its position in PayPal by 0.3% in the fourth quarter. Xponance Inc. now owns 149,097 shares of the credit services provider's stock valued at $12,725,000 after purchasing an additional 424 shares during the period. Institutional investors and hedge funds own 68.32% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup reissued an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Macquarie lifted their target price on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a research report on Tuesday, December 24th. Robert W. Baird lowered their price objective on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods boosted their price objective on PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a report on Monday, December 9th. 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 company. According to MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and a consensus price target of $90.03.

PayPal Stock Up 0.7 %

Shares of PayPal stock traded up $0.52 on Friday, hitting $70.19. 14,602,008 shares of the company traded hands, compared to its average volume of 10,919,388. The company has a 50-day moving average price of $78.19 and a 200 day moving average price of $80.80. 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 12-month low of $56.97 and a 12-month high of $93.66. The company has a market cap of $69.43 billion, a PE ratio of 17.50, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling

In other PayPal 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 transaction, the director now owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by corporate 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.