199,730 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Amiral Gestion

Amiral Gestion acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 199,730 shares of the credit services provider's stock, valued at approximately $17,047,000. PayPal makes up about 10.8% of Amiral Gestion's portfolio, making the stock its 3rd largest holding.

A number of other institutional investors have also recently modified their holdings of PYPL. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal in the 4th quarter valued at $25,000. Hurley Capital LLC bought a new position in shares of PayPal in the fourth quarter worth about $27,000. Pinney & Scofield Inc. bought a new stake in shares of PayPal during the 4th quarter valued at approximately $35,000. Bernard Wealth Management Corp. acquired a new position in PayPal during the 4th quarter worth approximately $37,000. Finally, Fourth Dimension Wealth LLC acquired a new position in PayPal during the 4th quarter worth approximately $38,000. 68.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares of the company's stock, valued at $2,145,308.10. This trade represents a 7.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Seaport Res Ptn downgraded PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Morgan Stanley increased their price target on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research report on Friday, February 28th. BMO Capital Markets decreased their price target on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Finally, Citigroup lowered their target price on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of "Moderate Buy" and an average target price of $83.68.

PayPal Stock Performance

NASDAQ PYPL traded up $0.25 during trading hours on Wednesday, reaching $71.73. 3,052,023 shares of the company were exchanged, compared to its average volume of 11,189,463. 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 stock has a market capitalization of $69.76 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The business's 50 day simple moving average is $66.32 and its 200-day simple moving average is $76.97.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 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 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.08 earnings per share. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.