O Shaughnessy Asset Management LLC Purchases 150,895 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

O Shaughnessy Asset Management LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 195.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,164 shares of the credit services provider's stock after purchasing an additional 150,895 shares during the period. O Shaughnessy Asset Management LLC's holdings in PayPal were worth $19,474,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC increased its holdings in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after acquiring an additional 3,976 shares during the last quarter. World Investment Advisors LLC bought a new stake in PayPal during the third quarter worth approximately $387,435,000. Nikko Asset Management Americas Inc. grew its holdings in PayPal by 2.7% during 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 purchasing an additional 18,172 shares during the last quarter. Fortem Financial Group LLC raised its position in shares of 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 purchasing an additional 7,291 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of PayPal by 120.3% in the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider's stock worth $125,461,000 after buying an additional 849,311 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

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 shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company's stock.

PayPal Price Performance

NASDAQ:PYPL traded up $0.85 on Tuesday, reaching $66.10. The stock had a trading volume of 7,997,855 shares, compared to its average volume of 11,213,800. The company has a market capitalization of $65.39 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The stock has a fifty day moving average price of $75.75 and a 200-day moving average price of $80.86. 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 released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping 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 business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the company earned $1.48 EPS. PayPal's revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on PYPL shares. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Keefe, Bruyette & Woods cut their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday. Citigroup reaffirmed an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Finally, Arete Research lowered PayPal from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 27th. Sixteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.40.

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.