Ameriprise Financial Inc. Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ameriprise Financial Inc. boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,821,388 shares of the credit services provider's stock after purchasing an additional 96,637 shares during the quarter. Ameriprise Financial Inc. owned about 0.18% of PayPal worth $155,452,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton raised its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after buying an additional 125 shares during the period. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter valued at about $27,000. Sugarloaf Wealth Management LLC lifted its position in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in PayPal during the fourth quarter worth about $37,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of PayPal in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research analyst reports. Bank of America lowered their price target on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Evercore ISI initiated coverage on shares of PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target for the company. UBS Group decreased their price objective on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Barclays dropped their price objective on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company dropped their target price on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

PayPal Price Performance

PYPL traded up $0.64 on Wednesday, hitting $68.69. 8,103,358 shares of the company were exchanged, compared to its average volume of 11,243,204. The business's fifty day moving average is $65.58 and its 200 day moving average is $77.86. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week 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 firm has a market capitalization of $66.80 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. PayPal's revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.