Sei Investments Co. Buys 416,184 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Sei Investments Co. grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 184.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 641,834 shares of the credit services provider's stock after buying an additional 416,184 shares during the quarter. Sei Investments Co. owned about 0.06% of PayPal worth $54,780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC grew its holdings in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of PayPal by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider's stock worth $564,631,000 after purchasing an additional 84,337 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of PayPal in the 3rd quarter worth approximately $387,435,000. Robeco Institutional Asset Management B.V. lifted 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 valued at $361,316,000 after purchasing an additional 2,689,162 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in PayPal by 4.3% during the third quarter. Wellington Management Group LLP now owns 2,570,789 shares of the credit services provider's stock worth $200,599,000 after buying an additional 106,435 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays upped their price target on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Robert W. Baird reduced their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Keefe, Bruyette & Woods lifted their price target on PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Finally, Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $90.03.

PayPal Stock Down 0.4 %

Shares of PYPL traded down $0.26 during trading hours on Tuesday, hitting $70.71. 4,545,455 shares of the company were exchanged, compared to its average volume of 10,911,865. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $69.95 billion, a PE ratio of 17.63, a PEG ratio of 1.27 and a beta of 1.52. The firm's 50 day moving average is $77.93 and its 200-day moving average is $80.91. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced 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 return on equity of 23.67% and a net margin of 13.04%. 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 company posted $1.48 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value 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. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.14% of the company's stock.

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.