Vanguard Group Inc. Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Vanguard Group Inc. lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,183,034 shares of the credit services provider’s stock after acquiring an additional 157,497 shares during the quarter. Vanguard Group Inc. owned approximately 8.62% of PayPal worth $6,041,361,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new position in shares of PayPal during the fourth quarter worth approximately $749,561,000. Charles Schwab Investment Management Inc. increased its position in shares of PayPal by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock worth $428,449,000 after acquiring an additional 265,116 shares during the period. First Trust Advisors LP increased its position in shares of PayPal by 1.7% during the fourth quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after acquiring an additional 61,384 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of PayPal by 31.1% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,899,859 shares of the credit services provider’s stock worth $194,262,000 after acquiring an additional 687,940 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in PayPal by 11.9% during the fourth quarter. Hsbc Holdings PLC now owns 2,891,840 shares of the credit services provider’s stock valued at $177,541,000 after buying an additional 306,613 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PayPal

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

PayPal Stock Performance

NASDAQ PYPL traded down $0.67 on Friday, reaching $59.33. 9,352,934 shares of the company’s stock traded hands, compared to its average volume of 10,974,626. The firm has a market cap of $62.06 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 0.97 and a beta of 1.42. The stock has a 50 day moving average price of $61.52 and a 200-day moving average price of $62.19. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Susquehanna raised shares of PayPal from a “neutral” rating to a “positive” rating and set a $71.00 price objective on the stock in a report on Tuesday, July 2nd. New Street Research assumed coverage on shares of PayPal in a report on Friday, May 31st. They set a “buy” rating and a $80.00 price objective on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $78.00 price objective on shares of PayPal in a report on Thursday, July 11th. Stephens lifted their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Finally, TD Cowen lifted their price objective on shares of PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Twenty-one analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.82.

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.