21,000 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,000 shares of the credit services provider's stock, valued at approximately $1,792,000.

A number of other institutional investors have also added to or reduced their stakes in PYPL. FMR LLC raised its stake in PayPal by 86.3% in 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 purchasing an additional 7,767,072 shares in the last quarter. Mizuho Securities USA LLC raised its position in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock valued at $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. Primecap Management Co. CA lifted its stake in PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider's stock worth $469,414,000 after purchasing an additional 1,069,356 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal in the 3rd quarter worth about $387,435,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after buying an additional 2,689,162 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on PYPL. Canaccord Genuity Group increased their price target on shares of PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. The Goldman Sachs Group increased their price target on shares of PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price objective on PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Finally, Susquehanna increased their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.52.

PayPal Stock Performance

Shares of PayPal stock traded down $2.66 on Friday, hitting $74.97. 12,488,818 shares of the company's stock were exchanged, compared to its average volume of 11,360,246. The company has a 50-day simple moving average of $85.50 and a 200-day simple moving average of $80.53. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $74.16 billion, a PE ratio of 18.70, a PEG ratio of 1.28 and a beta of 1.44.

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 analysts' consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same period in the previous year, the firm earned $1.48 EPS. The business's quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate 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.