Elo Mutual Pension Insurance Co trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,631 shares of the credit services provider's stock after selling 5,814 shares during the period. Elo Mutual Pension Insurance Co's holdings in PayPal were worth $7,565,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton lifted 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 worth $26,000 after buying an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of PayPal in the 3rd quarter valued at $36,000. Finally, Modus Advisors LLC acquired a new stake in PayPal during the 4th quarter worth $37,000. Institutional investors and hedge funds own 68.32% of the company's stock.
Analysts Set New Price Targets
PYPL has been the subject of several research analyst reports. StockNews.com downgraded shares of PayPal from a "buy" rating to a "hold" rating in a research note on Saturday. Wells Fargo & Company restated an "equal weight" rating on shares of PayPal in a research note on Wednesday, February 5th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Macquarie increased their price objective on PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price on the stock in a report on Friday, December 13th. Sixteen 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, the stock has an average rating of "Moderate Buy" and an average target price of $89.40.
Read Our Latest Analysis on PYPL
Insider Buying and Selling at PayPal
In other PayPal 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 in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by insiders.
PayPal Price Performance
Shares of PYPL stock traded up $0.10 during trading hours on Monday, hitting $65.25. The company's stock had a trading volume of 11,545,416 shares, compared to its average volume of 11,226,608. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $75.75 and a 200-day moving average of $80.86. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The stock has a market cap of $64.55 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.27 and a beta of 1.52.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 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 firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. PayPal's quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
PayPal Company Profile
(
Free Report)
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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