Fox Run Management L.L.C. Raises Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fox Run Management L.L.C. grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 303.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,243 shares of the credit services provider's stock after buying an additional 18,984 shares during the period. PayPal accounts for about 0.4% of Fox Run Management L.L.C.'s holdings, making the stock its 9th largest holding. Fox Run Management L.L.C.'s holdings in PayPal were worth $2,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PYPL. KLP Kapitalforvaltning AS acquired a new stake in shares of PayPal in the 4th quarter valued at about $37,268,000. Sei Investments Co. raised its position in PayPal by 184.4% in the 4th quarter. Sei Investments Co. now owns 641,834 shares of the credit services provider's stock valued at $54,780,000 after purchasing an additional 416,184 shares during the last quarter. American Century Companies Inc. grew its position in PayPal by 20.9% during the 4th quarter. American Century Companies Inc. now owns 1,696,689 shares of the credit services provider's stock worth $144,812,000 after purchasing an additional 293,624 shares during the last quarter. Truffle Hound Capital LLC purchased a new position in PayPal during the 4th quarter worth $5,121,000. Finally, Mizuho Securities USA LLC raised its holdings in shares of PayPal by 43.3% in the fourth quarter. Mizuho Securities USA LLC now owns 95,018 shares of the credit services provider's stock valued at $8,110,000 after buying an additional 28,725 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 PayPal 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 in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research note on Friday, February 28th. Macquarie raised their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Finally, Wolfe Research raised PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective on the stock in a report on Friday, December 13th. Fourteen 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.03.

PayPal Stock Up 1.2 %

Shares of PYPL traded up $0.84 during mid-day trading on Monday, reaching $71.03. 3,291,193 shares of the stock traded hands, compared to its average volume of 10,892,301. The firm has a market cap of $70.27 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.27 and a beta of 1.52. The stock has a fifty day simple moving average of $78.19 and a 200 day simple moving average of $80.92. 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 12-month low of $56.97 and a 12-month 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 analysts' consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for 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%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Company 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.