Financiere des Professionnels Fonds d investissement inc. Invests $837,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Financiere des Professionnels Fonds d investissement inc. bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,833 shares of the credit services provider's stock, valued at approximately $837,000.

A number of other institutional investors have also recently bought and sold shares of the stock. J. Goldman & Co LP increased its position in PayPal by 11.9% during the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock worth $22,304,000 after purchasing an additional 27,812 shares in the last quarter. Nikko Asset Management Americas Inc. increased its position in PayPal by 2.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after purchasing an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP increased its position in PayPal by 223.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock worth $22,622,000 after purchasing an additional 183,011 shares in the last quarter. StoneX Group Inc. increased its position in PayPal by 70.4% during the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after purchasing an additional 11,260 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in PayPal by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider's stock worth $651,619,000 after purchasing an additional 1,114,858 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of research analyst reports. Truist Financial initiated coverage on shares of PayPal in a research report on Monday, June 2nd. They set a "sell" rating and a $68.00 target price for the company. 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. Citigroup decreased their price target on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Macquarie decreased their price target on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Finally, Wells Fargo & Company decreased their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $83.42.

PayPal Price Performance

NASDAQ:PYPL traded down $1.15 during mid-day trading on Tuesday, reaching $75.03. 8,751,894 shares of the stock were exchanged, compared to its average volume of 10,841,053. The business has a fifty day moving average price of $71.67 and a 200 day moving average price of $73.94. The firm has a market capitalization of $72.97 billion, a PE ratio of 16.79, a PEG ratio of 1.25 and a beta of 1.45. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same quarter last year, the company posted $1.08 EPS. PayPal's revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the sale, the insider owned 48,483 shares of the company's stock, valued at $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,244,274.36. The trade was a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by company insiders.

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.