PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by World Investment Advisors

World Investment Advisors increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,399 shares of the credit services provider's stock after buying an additional 4,528 shares during the period. World Investment Advisors' holdings in PayPal were worth $6,179,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of PYPL. United Bank increased its stake in PayPal by 9.7% during the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider's stock worth $698,000 after buying an additional 794 shares in the last quarter. Benjamin Edwards Inc. raised its stake in PayPal by 8,335.5% during the third quarter. Benjamin Edwards Inc. now owns 27,837 shares of the credit services provider's stock worth $2,172,000 after purchasing an additional 27,507 shares during the period. Ascent Group LLC purchased a new stake in shares of PayPal during the 3rd quarter valued at approximately $201,000. HighTower Advisors LLC lifted its stake in shares of PayPal by 32.0% in the 3rd quarter. HighTower Advisors LLC now owns 481,312 shares of the credit services provider's stock valued at $37,580,000 after purchasing an additional 116,600 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its position in PayPal by 8.0% in the third quarter. IHT Wealth Management LLC now owns 11,607 shares of the credit services provider's stock valued at $906,000 after buying an additional 864 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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PayPal Price Performance

PayPal stock traded down $3.34 during trading hours on Friday, hitting $58.37. The stock had a trading volume of 22,102,706 shares, compared to its average volume of 11,304,477. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The stock has a market capitalization of $57.74 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.27 and a beta of 1.60. The stock's fifty day moving average is $73.65 and its two-hundred day moving average is $80.52. 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 issued its quarterly earnings data 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 firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same period in the prior year, the company earned $1.48 EPS. The firm's revenue was up 4.2% on a year-over-year basis. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company'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 approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PYPL shares. StockNews.com lowered PayPal from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Piper Sandler dropped their price objective on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Morgan Stanley raised their target price on PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Citigroup reiterated an "outperform" rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, Bank of America raised PayPal from a "neutral" rating to a "buy" rating and increased their price objective for the company from $86.00 to $103.00 in a report on Monday, December 9th. Sixteen 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $89.13.

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.