Royal London Asset Management Ltd. Has $61.79 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Royal London Asset Management Ltd. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 723,944 shares of the credit services provider's stock after acquiring an additional 10,277 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.07% of PayPal worth $61,789,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Relyea Zuckerberg Hanson LLC grew its stake in PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock worth $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of PayPal in the 3rd quarter worth approximately $387,435,000. Nikko Asset Management Americas Inc. increased its holdings in shares of PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after acquiring an additional 18,172 shares during the last quarter. Fortem Financial Group LLC raised its position in shares of PayPal by 28.0% during the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock valued at $2,842,000 after acquiring an additional 7,291 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in PayPal by 120.3% during the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider's stock worth $125,461,000 after purchasing an additional 849,311 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

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PayPal Trading Up 1.1 %

NASDAQ PYPL traded up $0.78 on Monday, hitting $70.97. 9,903,749 shares of the company were exchanged, compared to its average volume of 10,918,379. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The firm has a market capitalization of $70.21 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company's 50 day moving average price is $78.19 and its 200-day moving average price is $80.92.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $8.27 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The firm's quarterly revenue was up 4.2% on a year-over-year basis. Analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PYPL shares. Royal Bank of Canada restated an "outperform" rating and set a $100.00 price objective on shares of PayPal in a research report on Thursday, December 12th. JPMorgan Chase & Co. restated an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Robert W. Baird cut their price objective on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company reissued an "equal weight" rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, Barclays raised their price target on shares of PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Fourteen research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.03.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

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.