Raiffeisen Bank International AG purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,266 shares of the credit services provider's stock, valued at approximately $707,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PYPL. Hurley Capital LLC bought a new stake in PayPal in the 4th quarter worth about $27,000. Bernard Wealth Management Corp. bought a new stake in PayPal in the 4th quarter worth $37,000. Crowley Wealth Management Inc. bought a new stake in shares of PayPal during the 4th quarter valued at about $39,000. Bank of Jackson Hole Trust bought a new position in shares of PayPal during the fourth quarter valued at approximately $41,000. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 68.32% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on PYPL shares. Arete Research set a $81.00 target price on shares of PayPal in a report on Thursday, March 27th. Wells Fargo & Company lowered their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. UBS Group reduced their price target on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Piper Sandler lowered their target price on shares of PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Robert W. Baird lifted their price objective on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.68.
Get Our Latest Stock Report on PayPal
Insider Transactions at PayPal
In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company's stock.
PayPal Price Performance
PYPL stock traded up $0.29 during trading on Tuesday, hitting $72.61. The stock had a trading volume of 8,392,025 shares, compared to its average volume of 11,256,759. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company's 50 day moving average price is $66.06 and its two-hundred day moving average price is $77.34. 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 stock has a market cap of $70.62 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.
PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
About PayPal
(
Free Report)
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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