United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,700 shares of the credit services provider's stock, valued at approximately $828,000.

Several other large investors have also recently made changes to their positions in the stock. FMR LLC increased its holdings in shares of PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC acquired a new position in PayPal during the 3rd quarter valued at approximately $387,435,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of PayPal by 174.1% in 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 buying an additional 2,689,162 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of PayPal during the fourth quarter worth $135,537,000. Finally, Contrarius Group Holdings Ltd acquired a new position in shares of PayPal in the 4th quarter valued at $81,342,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Down 5.4 %

PayPal stock traded down $3.71 during mid-day trading on Friday, reaching $65.15. 16,521,449 shares of the company's stock were exchanged, compared to its average volume of 11,225,267. 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 Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a market cap of $64.45 billion, a P/E ratio of 16.25, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a fifty day moving average of $76.28 and a 200-day moving average of $80.82.

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PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data 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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. During the same period in the previous year, the company earned $1.48 EPS. The company's revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value 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. The trade was 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. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on PYPL. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research report on Friday, February 28th. Piper Sandler decreased their target price on PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Arete Research lowered shares of PayPal from a "strong-buy" rating to a "hold" rating in a research report on Thursday. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Sixteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.03.

PayPal Company 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.