Motley Fool Asset Management LLC Purchases 5,167 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Motley Fool Asset Management LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 46,309 shares of the credit services provider’s stock after acquiring an additional 5,167 shares during the period. Motley Fool Asset Management LLC’s holdings in PayPal were worth $3,952,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PYPL. World Investment Advisors raised its position in PayPal by 6.7% during the 4th quarter. World Investment Advisors now owns 72,399 shares of the credit services provider’s stock valued at $6,179,000 after purchasing an additional 4,528 shares during the last quarter. Westpac Banking Corp increased its stake in shares of PayPal by 74.0% during the fourth quarter. Westpac Banking Corp now owns 35,253 shares of the credit services provider’s stock valued at $3,009,000 after buying an additional 14,992 shares during the period. Nicolet Advisory Services LLC raised its holdings in shares of PayPal by 18.3% during the fourth quarter. Nicolet Advisory Services LLC now owns 5,471 shares of the credit services provider’s stock valued at $456,000 after acquiring an additional 848 shares in the last quarter. OneAscent Financial Services LLC lifted its stake in PayPal by 29.9% in the fourth quarter. OneAscent Financial Services LLC now owns 5,557 shares of the credit services provider’s stock worth $474,000 after acquiring an additional 1,278 shares during the period. Finally, Huntington National Bank boosted its holdings in PayPal by 1.7% in the fourth quarter. Huntington National Bank now owns 141,468 shares of the credit services provider’s stock valued at $12,074,000 after acquiring an additional 2,366 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated 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 sale, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Robert W. Baird lowered their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Piper Sandler decreased their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Sixteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $89.13.

PayPal Stock Performance

Shares of PYPL stock opened at $67.15 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $74.82 and a 200-day moving average price of $80.74. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The firm has a market capitalization of $66.43 billion, a PE ratio of 16.75, a P/E/G ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS 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 the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.