Rathbones Group PLC Purchases 92,069 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Rathbones Group PLC grew its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 45.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 295,699 shares of the credit services provider’s stock after buying an additional 92,069 shares during the period. Rathbones Group PLC’s holdings in PayPal were worth $25,238,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal during the third quarter worth about $26,000. Rosenberg Matthew Hamilton increased its position in shares of PayPal by 67.6% during 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. Hurley Capital LLC bought a new stake in PayPal in the 4th quarter valued at $27,000. Sugarloaf Wealth Management LLC boosted its stake in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of PayPal in the 3rd quarter valued at about $36,000. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of recent research reports. Arete Research set a $81.00 price target on PayPal in a research report on Thursday, March 27th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Morgan Stanley increased their price objective on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Barclays increased their price target on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Piper Sandler decreased their price target on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.13.

PayPal Stock Down 5.4 %

Shares of NASDAQ:PYPL opened at $58.37 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a 52-week low of $56.32 and a 52-week high of $93.66. The firm has a market capitalization of $57.74 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.27 and a beta of 1.60. The stock has a 50 day moving average price of $73.65 and a 200-day moving average price of $80.63.

PayPal (NASDAQ:PYPL) last released its earnings results 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. 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 the consensus estimate of $8.27 billion. During the same period in the prior year, the firm earned $1.48 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred 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 sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

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.