StoneX Group Inc. Acquires 11,260 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

StoneX Group Inc. raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 70.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,249 shares of the credit services provider's stock after purchasing an additional 11,260 shares during the quarter. StoneX Group Inc.'s holdings in PayPal were worth $2,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal in the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC increased its holdings in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in PayPal in the third quarter valued at about $36,000. Finally, Modus Advisors LLC purchased a new position in PayPal in the fourth quarter valued at approximately $37,000. Institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PYPL shares. StockNews.com lowered PayPal from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Arete Research set a $81.00 price objective on shares of PayPal in a research note on Thursday, March 27th. Macquarie increased their price objective on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Finally, Barclays increased their price target on shares of PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.13.

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Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction dated 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 in the company, 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 can be accessed through this hyperlink. Corporate insiders own 0.14% of the company's stock.

PayPal Trading Down 8.1 %

Shares of NASDAQ:PYPL traded down $5.44 on Thursday, hitting $61.71. The company had a trading volume of 18,465,580 shares, compared to its average volume of 11,239,439. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The firm has a market capitalization of $61.05 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.27 and a beta of 1.60. The firm's 50-day simple moving average is $74.82 and its two-hundred day simple moving average is $80.74. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping 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 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 company earned $1.48 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share 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.