Motley Fool Asset Management LLC Increases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Motley Fool Asset Management LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 12.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,309 shares of the credit services provider's stock after buying an additional 5,167 shares during the period. Motley Fool Asset Management LLC's holdings in PayPal were worth $3,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PYPL. United Bank grew its stake in PayPal by 9.7% during the third quarter. United Bank now owns 8,941 shares of the credit services provider's stock valued at $698,000 after acquiring an additional 794 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of PayPal by 8,335.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 27,837 shares of the credit services provider's stock valued at $2,172,000 after purchasing an additional 27,507 shares in the last quarter. Ascent Group LLC purchased a new stake in shares of PayPal in the third quarter worth $201,000. HighTower Advisors LLC boosted its stake in PayPal by 32.0% during the third quarter. HighTower Advisors LLC now owns 481,312 shares of the credit services provider's stock valued at $37,580,000 after buying an additional 116,600 shares during the period. Finally, Investment Management Corp of Ontario increased its stake in PayPal by 28.7% in the 3rd quarter. Investment Management Corp of Ontario now owns 47,569 shares of the credit services provider's stock worth $3,712,000 after acquiring an additional 10,600 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

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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 sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is owned by insiders.

PayPal Trading Down 8.1 %

Shares of NASDAQ:PYPL traded down $5.44 on Thursday, hitting $61.71. The company had a trading volume of 18,465,580 shares, compared to its average volume of 11,255,639. The firm's 50-day simple moving average is $74.26 and its two-hundred day simple moving average is $80.61. The firm has a market capitalization of $61.05 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.27 and a beta of 1.60. 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 1 year low of $56.97 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping 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 business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the business posted $1.48 earnings per share. PayPal's quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on PYPL shares. Citigroup reiterated an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Morgan Stanley boosted their price target on shares of PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Royal Bank of Canada restated an "outperform" rating and set a $100.00 price objective on shares of PayPal in a research report on Thursday, December 12th. Macquarie upped their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Finally, Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and raised their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Sixteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and a consensus price target 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.