LSV Asset Management Buys 215,140 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

LSV Asset Management boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,962,940 shares of the credit services provider's stock after buying an additional 215,140 shares during the period. LSV Asset Management owned approximately 0.30% of PayPal worth $252,887,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Relyea Zuckerberg Hanson LLC increased its stake in shares of PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after purchasing an additional 3,976 shares during the last quarter. Nikko Asset Management Americas Inc. grew its position in PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after acquiring an additional 18,172 shares during the last quarter. ExodusPoint Capital Management LP raised its stake in PayPal by 223.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock worth $22,622,000 after acquiring an additional 183,011 shares in the last quarter. StoneX Group Inc. lifted its stake in PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after purchasing an additional 11,260 shares during the last quarter. Finally, Fortem Financial Group LLC boosted its position in PayPal by 28.0% in the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock valued at $2,842,000 after buying an additional 7,291 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Remove Ads

Insider Buying and Selling

In other 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 directly owns 29,734 shares in the company, valued at $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. 0.14% of the stock is currently owned by insiders.

PayPal Stock Performance

PYPL traded down $0.45 during trading hours on Monday, hitting $62.14. The stock had a trading volume of 3,778,335 shares, compared to its average volume of 11,456,517. The company's fifty day simple moving average is $69.88 and its 200 day simple moving average is $79.76. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $61.47 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last released 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. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PYPL shares. Macquarie upped their target price on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Arete Research set a $81.00 price objective on PayPal in a report on Thursday, March 27th. Morgan Stanley upped their price target on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Finally, BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $88.00.

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.