Principal Securities Inc. Buys 5,858 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Principal Securities Inc. raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 35.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,531 shares of the credit services provider's stock after acquiring an additional 5,858 shares during the period. Principal Securities Inc.'s holdings in PayPal were worth $1,923,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton grew its holdings in shares of PayPal by 67.6% during the fourth 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 last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal during the third quarter worth $26,000. Sugarloaf Wealth Management LLC grew its holdings in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Planning Capital Management Corp grew its holdings in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its holdings in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after purchasing an additional 243 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Down 3.5 %

Shares of NASDAQ PYPL traded down $2.68 during mid-day trading on Friday, reaching $74.95. 15,156,060 shares of the company's stock were exchanged, compared to its average volume of 11,485,007. The firm has a market capitalization of $74.14 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 1.28 and a beta of 1.44. 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 simple moving average of $85.50 and a 200 day simple moving average of $80.53. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data 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. The business 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%. PayPal's quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

PYPL has been the topic of several research analyst reports. Robert W. Baird decreased their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Piper Sandler upped their price target on PayPal from $88.00 to $93.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Macquarie upped their price target on PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Morgan Stanley cut their price target on PayPal from $90.00 to $79.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $90.52.

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.