PayPal Holdings, Inc. (NASDAQ:PYPL) Position Increased by Pitcairn Co.

Pitcairn Co. grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,081 shares of the credit services provider's stock after acquiring an additional 4,750 shares during the period. Pitcairn Co.'s holdings in PayPal were worth $1,970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the third quarter worth $26,000. Rosenberg Matthew Hamilton raised 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 period. Sugarloaf Wealth Management LLC lifted its position 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 worth $30,000 after buying an additional 272 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of PayPal in the 3rd quarter valued at about $36,000. Finally, Modus Advisors LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $37,000. Institutional investors own 68.32% of the company's stock.

PayPal Price Performance

PYPL stock traded down $3.34 on Friday, hitting $58.37. 22,102,706 shares of the company's stock traded hands, compared to its average volume of 11,304,477. The stock has a market cap of $57.74 billion, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. 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 stock has a fifty day moving average of $73.65 and a 200-day moving average of $80.52.

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PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data 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. 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 quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 EPS. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research reports. Barclays lifted their target price on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Macquarie boosted their price objective on PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective on the stock in a report on Friday, December 13th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, PayPal has an average rating of "Moderate Buy" and an average target price of $89.13.

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.