PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Lifted by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 240,900 shares of the credit services provider's stock after buying an additional 36,800 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in PayPal were worth $20,561,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton raised its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the third quarter worth $26,000. Sugarloaf Wealth Management LLC increased its stake in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of PayPal during the fourth quarter worth $37,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of PayPal in the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company's stock.

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PayPal Trading Up 1.1 %

Shares of PYPL stock traded up $0.78 during trading hours on Monday, reaching $70.97. 9,903,749 shares of the stock traded hands, compared to its average volume of 10,918,399. The business has a fifty day moving average price of $77.93 and a 200 day moving average price of $80.91. PayPal Holdings, Inc. has a 1-year low of $56.97 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 firm has a market capitalization of $70.21 billion, a PE ratio of 17.70, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) 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 company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The company's revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PYPL. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Tuesday, December 24th. Wells Fargo & Company reiterated an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research report on Friday, February 28th. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, PayPal currently has an average rating of "Moderate Buy" and a consensus target price of $90.03.

PayPal Profile

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.