Pinebridge Investments L.P. Raises Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Pinebridge Investments L.P. increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 415,492 shares of the credit services provider's stock after buying an additional 9,305 shares during the period. Pinebridge Investments L.P.'s holdings in PayPal were worth $35,462,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Rosenberg Matthew Hamilton grew 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 purchasing an additional 125 shares in the last quarter. Hurley Capital LLC acquired a new stake in PayPal in the fourth quarter valued at about $27,000. Sugarloaf Wealth Management LLC raised its stake in 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 acquiring an additional 272 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of PayPal in the 4th quarter valued at approximately $37,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of PayPal during the 4th quarter valued at approximately $37,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Up 3.7 %

Shares of NASDAQ PYPL traded up $2.31 during midday trading on Thursday, hitting $64.77. 10,866,397 shares of the stock traded hands, compared to its average volume of 11,468,784. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The business has a 50 day moving average price of $67.03 and a two-hundred day moving average price of $78.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $64.07 billion, a PE ratio of 16.15, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 earnings per share. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PYPL shares. Keefe, Bruyette & Woods cut their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. StockNews.com downgraded PayPal from a "buy" rating to a "hold" rating in a report on Wednesday. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Compass Point assumed coverage on PayPal in a report on Wednesday. They set a "sell" rating and a $56.00 price target on the stock. Finally, Arete Research set a $81.00 price objective on shares of PayPal in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.88.

Insider Buying and Selling at PayPal

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 sale, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company's stock.

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.