PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Increased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 46.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,623 shares of the credit services provider’s stock after buying an additional 28,817 shares during the period. Harvest Fund Management Co. Ltd’s holdings in PayPal were worth $7,709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PYPL. 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 worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. World Investment Advisors LLC acquired a new position in PayPal in the third quarter worth $387,435,000. Robeco Institutional Asset Management B.V. boosted its holdings in 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 purchasing an additional 2,689,162 shares during the period. Raymond James Financial Inc. acquired a new position in PayPal in the fourth quarter worth $135,537,000. Finally, Primecap Management Co. CA boosted its holdings in PayPal by 21.6% in the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after purchasing an additional 1,069,356 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ PYPL opened at $68.88 on Wednesday. The stock’s 50-day moving average price is $79.18 and its two-hundred day moving average price is $80.97. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $68.14 billion, a PE ratio of 17.18, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last posted 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. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 EPS. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated 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 of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PYPL. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a report on Friday, December 13th. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Friday, February 28th. Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Finally, Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.