8,111,328 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by Nuveen LLC

Nuveen LLC purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,111,328 shares of the credit services provider's stock, valued at approximately $529,264,000. Nuveen LLC owned approximately 0.83% of PayPal as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors lifted its position in PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares during the period. Goldman Sachs Group Inc. lifted its position in PayPal by 44.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock valued at $558,499,000 after purchasing an additional 2,638,815 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of PayPal by 124.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock valued at $228,206,000 after acquiring an additional 1,936,520 shares during the last quarter. Deutsche Bank AG increased its stake in shares of PayPal by 19.1% in the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock valued at $733,294,000 after acquiring an additional 1,798,330 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of PayPal by 19.0% in the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock valued at $892,953,000 after acquiring an additional 1,669,908 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Price Performance

Shares of PYPL opened at $67.65 on Monday. The stock has a market capitalization of $64.63 billion, a P/E ratio of 14.46, a P/E/G ratio of 1.04 and a beta of 1.42. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a 50 day moving average of $72.89 and a 200-day moving average of $71.40. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. The business had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same period in the previous year, the company earned $1.19 earnings per share. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In other news, CAO Chris Natali sold 7,102 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the transaction, the executive vice president owned 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,736 shares of company stock valued at $1,620,835 over the last quarter. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $96.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Truist Financial initiated coverage on PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $75.00 price target on PayPal in a research note on Tuesday, July 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $88.00 price target on shares of PayPal in a research note on Thursday, June 26th. Finally, Robert W. Baird upped their price target on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.00.

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.

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