PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Korea Investment CORP

Korea Investment CORP grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 862,393 shares of the credit services provider's stock after buying an additional 181,847 shares during the quarter. Korea Investment CORP owned 0.09% of PayPal worth $73,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Park Place Capital Corp grew its holdings in shares of PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after purchasing an additional 116 shares during the period. Rosenberg Matthew Hamilton grew its holdings 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 worth $26,000 after purchasing an additional 125 shares during the period. JFS Wealth Advisors LLC lifted its position in PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after buying an additional 125 shares during the last quarter. Wynn Capital LLC boosted its stake in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after buying an additional 130 shares during the period. Finally, Avalon Trust Co increased its position in shares of PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

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PayPal Price Performance

NASDAQ PYPL traded down $3.71 during mid-day trading on Friday, hitting $65.15. The stock had a trading volume of 16,521,449 shares, compared to its average volume of 11,225,267. The company has a 50 day simple moving average of $76.28 and a 200 day simple moving average of $80.82. The company has a market cap of $64.45 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week 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.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PYPL shares. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Wells Fargo & Company reissued an "equal weight" rating on shares of PayPal in a research note on Wednesday, February 5th. Robert W. Baird dropped their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Piper Sandler reduced their price target on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, BTIG Research restated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Sixteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and an average price target of $90.03.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction 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 directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

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.