PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Lifted by Schroder Investment Management Group

Schroder Investment Management Group lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 612,283 shares of the credit services provider's stock after buying an additional 43,381 shares during the quarter. Schroder Investment Management Group owned approximately 0.06% of PayPal worth $52,307,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in PayPal in the 4th quarter worth about $1,086,508,000. Artisan Partners Limited Partnership boosted its position in shares of PayPal by 284.0% in the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in PayPal by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider's stock valued at $564,631,000 after purchasing an additional 84,337 shares during the period. World Investment Advisors LLC acquired a new position in PayPal during the third quarter worth approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. raised its stake 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 worth $361,316,000 after purchasing an additional 2,689,162 shares during the period. Institutional investors and hedge funds own 68.32% of the company's stock.

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Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.14% of the company's stock.

PayPal Stock Performance

PYPL traded up $0.85 on Tuesday, hitting $66.10. 7,997,855 shares of the company's stock were exchanged, compared to its average volume of 11,219,273. 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 $75.28 and a two-hundred day moving average of $80.83. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The firm has a market cap of $65.39 billion, a PE ratio of 16.48, a P/E/G ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion for 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 business's revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on PYPL shares. Needham & Company LLC restated a "hold" rating on shares of PayPal in a report on Wednesday, February 26th. Bank of America raised PayPal from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Piper Sandler dropped their target price on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Macquarie lifted their price target on shares of PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Finally, Barclays increased their price objective on shares of PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. Sixteen 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. Based on data from MarketBeat, PayPal currently has an average rating of "Moderate Buy" and a consensus price target of $89.40.

About PayPal

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.