Ilmarinen Mutual Pension Insurance Co Has $8.81 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ilmarinen Mutual Pension Insurance Co grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 30.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,270 shares of the credit services provider's stock after purchasing an additional 24,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in PayPal were worth $8,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PYPL. Park Place Capital Corp raised its position in shares of PayPal by 6.6% in 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 boosted its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the last quarter. JFS Wealth Advisors LLC increased its position in PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after buying an additional 125 shares in the last quarter. Wynn Capital LLC raised its position in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after purchasing an additional 130 shares during the period. Finally, Avalon Trust Co grew its position in shares of PayPal by 7.0% during the fourth 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 in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Remove Ads

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Up 0.3 %

PayPal stock traded up $0.16 during midday trading on Monday, reaching $58.53. The stock had a trading volume of 20,255,235 shares, compared to its average volume of 11,353,015. PayPal Holdings, Inc. has a 1-year low of $55.65 and a 1-year high of $93.66. The firm's fifty day simple moving average is $73.65 and its 200-day simple moving average is $80.63. The stock has a market capitalization of $57.90 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for 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 for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 earnings per share. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PYPL. Macquarie raised their price objective on PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Barclays upped their target price on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Piper Sandler cut their target price on PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Citigroup restated an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.13.

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.