Virtu Financial LLC Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Virtu Financial LLC lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 83.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,697 shares of the credit services provider's stock after acquiring an additional 12,110 shares during the quarter. Virtu Financial LLC's holdings in PayPal were worth $2,279,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC boosted its holdings in PayPal by 86.3% in 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 purchasing an additional 7,767,072 shares during the period. World Investment Advisors LLC purchased a new position in PayPal in the third quarter worth approximately $387,435,000. Robeco Institutional Asset Management B.V. lifted its position in shares of PayPal by 174.1% during the 4th 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 last quarter. Raymond James Financial Inc. purchased a new position in PayPal in the fourth quarter valued at $135,537,000. Finally, Contrarius Group Holdings Ltd acquired a new stake in PayPal in the fourth quarter valued at $81,342,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.14% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PYPL shares. Wells Fargo & Company reiterated an "equal weight" rating on shares of PayPal in a report on Wednesday, February 5th. Robert W. Baird dropped their price target on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. BTIG Research restated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods increased their target price on shares of PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Finally, Susquehanna boosted their price target on shares of PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.03.

PayPal Trading Down 0.1 %

PYPL traded down $0.08 on Tuesday, reaching $70.89. 2,145,503 shares of the company's stock were exchanged, compared to its average volume of 10,911,865. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company's 50 day moving average is $77.93 and its 200-day moving average is $80.91. 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 $70.13 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the firm posted $1.48 EPS. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts predict 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.