Rathbones Group PLC Has $25.24 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Rathbones Group PLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 45.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 295,699 shares of the credit services provider's stock after purchasing an additional 92,069 shares during the period. Rathbones Group PLC's holdings in PayPal were worth $25,238,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. United Bank raised its holdings in shares of PayPal by 9.7% during the third quarter. United Bank now owns 8,941 shares of the credit services provider's stock valued at $698,000 after acquiring an additional 794 shares during the period. Wellington Management Group LLP raised its stake in PayPal by 4.3% during the 3rd quarter. Wellington Management Group LLP now owns 2,570,789 shares of the credit services provider's stock valued at $200,599,000 after purchasing an additional 106,435 shares during the period. Zacks Investment Management acquired a new stake in PayPal during the 3rd quarter valued at $9,247,000. Headinvest LLC acquired a new stake in shares of PayPal in the third quarter worth $236,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of PayPal in the third quarter worth $36,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on PYPL. BTIG Research reissued a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Susquehanna raised their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a report on Monday, January 6th. Monness Crespi & Hardt lowered their price objective on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Finally, Piper Sandler lowered their price target on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.32.

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Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

PayPal Stock Performance

NASDAQ:PYPL traded up $1.70 during trading hours on Friday, hitting $62.26. 5,667,253 shares of the company traded hands, compared to its average volume of 11,442,905. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The firm has a 50-day moving average of $70.19 and a 200 day moving average of $79.87. The stock has a market capitalization of $61.59 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.27 and a beta of 1.60.

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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.