UniSuper Management Pty Ltd Has $1.97 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

UniSuper Management Pty Ltd lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 229.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,443 shares of the credit services provider’s stock after purchasing an additional 20,516 shares during the quarter. UniSuper Management Pty Ltd’s holdings in PayPal were worth $1,972,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PYPL. Hartford Financial Management Inc. raised its position in PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after buying an additional 163 shares during the last quarter. Pine Haven Investment Counsel Inc raised its position in PayPal by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after buying an additional 170 shares during the last quarter. Pittenger & Anderson Inc. raised its position in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. Waldron Private Wealth LLC raised its position in PayPal by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after buying an additional 182 shares during the last quarter. Finally, Indiana Trust & Investment Management CO raised its position in PayPal by 18.6% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after buying an additional 184 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ PYPL traded down $1.64 during midday trading on Wednesday, hitting $58.07. The company had a trading volume of 11,788,455 shares, compared to its average volume of 14,390,892. The company has a market capitalization of $60.74 billion, a PE ratio of 14.82, a P/E/G ratio of 0.99 and a beta of 1.42. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $61.36 and a 200-day moving average price of $62.23. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. PayPal’s revenue was up 9.4% on a year-over-year basis. As a group, analysts anticipate that PayPal Holdings, Inc. will post 4.15 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the transaction, the director now owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. TD Cowen lifted their target price on PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. Stephens raised their price target on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Susquehanna upgraded PayPal from a “neutral” rating to a “positive” rating and set a $71.00 price target for the company in a research note on Tuesday, July 2nd. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Finally, UBS Group raised their price target on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Twenty-one research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has an average rating of “Hold” and an average target price of $73.82.

About PayPal

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.