PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 495,270 shares of the credit services provider's stock after acquiring an additional 5,596 shares during the period. Russell Investments Group Ltd. owned approximately 0.05% of PayPal worth $42,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in shares of PayPal during the fourth quarter valued at approximately $1,086,508,000. Artisan Partners Limited Partnership raised its stake in shares of PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock worth $666,100,000 after acquiring an additional 5,772,198 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in PayPal by 174.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after acquiring an additional 2,689,162 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in PayPal in the fourth quarter valued at approximately $135,537,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in PayPal by 144.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,059,341 shares of the credit services provider's stock worth $175,765,000 after purchasing an additional 1,217,694 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction 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 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 trade represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on PYPL shares. Robert W. Baird lowered their price target on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Susquehanna increased their price objective on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research note on Monday, January 6th. Wells Fargo & Company restated an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. Arete Research set a $81.00 price target on shares of PayPal in a research report on Thursday, March 27th. Finally, Evercore ISI started coverage on shares of PayPal in a research note on Wednesday. They set an "in-line" rating and a $65.00 target price for the company. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $88.32.

PayPal Trading Up 2.0 %

Shares of PYPL stock traded up $1.20 during mid-day trading on Friday, hitting $61.76. 5,080,387 shares of the company's stock were exchanged, compared to its average volume of 11,439,855. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The stock has a 50-day simple moving average of $70.19 and a two-hundred day simple moving average of $79.87. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $61.09 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter last year, the firm earned $1.48 earnings per share. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.