Brandywine Global Investment Management LLC Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Brandywine Global Investment Management LLC increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,184,215 shares of the credit services provider’s stock after purchasing an additional 270,642 shares during the period. Brandywine Global Investment Management LLC’s holdings in PayPal were worth $101,073,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal in the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton boosted its holdings in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC grew its stake in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of PayPal during the third quarter valued at $36,000. Finally, Modus Advisors LLC purchased a new position in shares of PayPal in the 4th quarter worth about $37,000. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Friday, February 28th. Barclays raised their price target on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a research report on Saturday. Robert W. Baird reduced their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Sixteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

PayPal Trading Down 5.4 %

Shares of PYPL stock opened at $65.15 on Friday. 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 stock has a fifty day simple moving average of $76.28 and a two-hundred day simple moving average of $80.82. The firm has a market capitalization of $64.45 billion, a PE ratio of 16.25, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company 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 company earned $1.48 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm’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 completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

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.