PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Fmr LLC

Fmr LLC increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,923,662 shares of the credit services provider’s stock after purchasing an additional 2,161,582 shares during the period. Fmr LLC’s holdings in PayPal were worth $1,615,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. United Bank raised its position in PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after acquiring an additional 794 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of PayPal by 4.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,570,789 shares of the credit services provider’s stock worth $200,599,000 after purchasing an additional 106,435 shares during the last quarter. Zacks Investment Management acquired a new stake in PayPal during the third quarter valued at approximately $9,247,000. Headinvest LLC acquired a new stake in PayPal during the third quarter valued at approximately $236,000. Finally, Legacy Investment Solutions LLC bought a new stake in PayPal during the third quarter worth approximately $36,000. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research reports. Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. BTIG Research restated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and raised their target price for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Finally, Macquarie lifted their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.13.

PayPal Stock Down 5.4 %

Shares of PYPL stock opened at $58.37 on Monday. The stock’s 50 day simple moving average is $73.65 and its 200 day simple moving average is $80.63. PayPal Holdings, Inc. has a twelve month low of $56.32 and a twelve month high of $93.66. 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 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.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 earnings per share. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal 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 transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is owned by insiders.

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.