PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Raised by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 152.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,880 shares of the credit services provider's stock after buying an additional 45,242 shares during the quarter. PayPal accounts for 1.6% of Napean Trading & Investment Co Singapore PTE Ltd's holdings, making the stock its 22nd largest holding. Napean Trading & Investment Co Singapore PTE Ltd's holdings in PayPal were worth $6,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC increased its stake in shares of PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock worth $1,307,945,000 after buying an additional 7,767,072 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of PayPal by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider's stock worth $564,631,000 after purchasing an additional 84,337 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of PayPal in the third quarter valued at approximately $387,435,000. Robeco Institutional Asset Management B.V. increased its stake in PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after purchasing an additional 2,689,162 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of PayPal by 4.3% during the third quarter. Wellington Management Group LLP now owns 2,570,789 shares of the credit services provider's stock worth $200,599,000 after buying an additional 106,435 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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PayPal Trading Down 0.2 %

Shares of NASDAQ PYPL traded down $0.11 during midday trading on Tuesday, hitting $70.86. The stock had a trading volume of 6,678,878 shares, compared to its average volume of 10,911,865. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a fifty day moving average price of $77.93 and a 200 day moving average price of $80.91. 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 company has a market capitalization of $70.10 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 earnings per share. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent research reports. DZ Bank raised 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. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Wolfe Research upgraded PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Barclays lifted their price target on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Finally, Macquarie raised their target price on PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Fourteen investment 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.03.

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.