UniSuper Management Pty Ltd Purchases 3,854 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

UniSuper Management Pty Ltd raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,866 shares of the credit services provider's stock after buying an additional 3,854 shares during the quarter. UniSuper Management Pty Ltd's holdings in PayPal were worth $5,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PYPL. Park Place Capital Corp raised its position in shares of PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after acquiring an additional 116 shares during the period. Rosenberg Matthew Hamilton increased its stake in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares during the period. Wynn Capital LLC grew its holdings in shares of PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after buying an additional 130 shares during the period. Finally, Avalon Trust Co raised its stake in PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after buying an additional 135 shares during the period. Institutional investors own 68.32% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PYPL shares. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Robert W. Baird reduced their price target on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Arete Research cut shares of PayPal from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 27th. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Friday, February 28th. Finally, Citigroup reaffirmed an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Sixteen investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $89.40.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's 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 transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Up 0.2 %

PYPL stock opened at $65.25 on Tuesday. The business's fifty day moving average price is $75.75 and its two-hundred day moving average price is $80.86. The stock has a market capitalization of $64.55 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. 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 (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.48 earnings per share. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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.