Principal Financial Group Inc. Buys 40,361 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Principal Financial Group Inc. lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,222,677 shares of the credit services provider's stock after purchasing an additional 40,361 shares during the period. Principal Financial Group Inc. owned 0.12% of PayPal worth $104,356,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of PYPL. Relyea Zuckerberg Hanson LLC boosted its position in PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after acquiring an additional 3,976 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal in the 3rd quarter valued at approximately $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal during the third quarter valued at approximately $810,000. FCG Investment Co purchased a new stake in PayPal in the third quarter worth $1,079,000. Finally, Equity Investment Corp raised its holdings in PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock worth $155,927,000 after purchasing an additional 67,497 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

NASDAQ:PYPL traded down $2.68 on Friday, hitting $74.95. The stock had a trading volume of 15,156,060 shares, compared to its average volume of 11,485,007. The business's 50-day simple moving average is $85.50 and its two-hundred day simple moving average is $80.53. The stock has a market cap of $74.14 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The firm's revenue was up 4.2% compared to the same quarter last year. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Susquehanna boosted their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. Citigroup raised their target price on shares of PayPal from $97.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. Barclays lifted their target price on shares of PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Finally, StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a research report on Tuesday, December 24th. Thirteen 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $90.52.

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.