PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,878,327 shares of the credit services provider's stock after buying an additional 90,167 shares during the period. Price T Rowe Associates Inc. MD owned about 0.19% of PayPal worth $160,316,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Anchor Investment Management LLC lifted its stake in PayPal by 9.9% in the third quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider's stock valued at $2,748,000 after buying an additional 3,175 shares during the last quarter. Boyar Asset Management Inc. acquired a new stake in shares of PayPal in the 3rd quarter worth about $208,000. World Investment Advisors LLC bought a new stake in PayPal in the 3rd quarter valued at about $5,296,000. Sfmg LLC acquired a new position in PayPal during the 3rd quarter valued at about $234,000. Finally, Wilmington Savings Fund Society FSB grew its position in PayPal by 196.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider's stock worth $798,000 after purchasing an additional 6,772 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Price Performance

Shares of PYPL opened at $65.34 on Friday. The business's 50-day moving average is $66.76 and its 200-day moving average is $78.59. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $64.64 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.

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, topping analysts' consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The company's revenue was up 4.2% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm'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 owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PYPL shares. Susquehanna boosted their price objective on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Macquarie raised their price target on PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Robert W. Baird cut their price objective on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, BTIG Research reiterated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.88.

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.

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