PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Boosted by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in PayPal by 6.8%, bringing its total to 205,840 shares valued at approximately $13.43 million as of the end of the most recent quarter.
• PayPal's stock performance showed a recent trading volume of over 8 million shares, with a current price of $69.23, and a market capitalization of $66.14 billion.
• Wall Street analysts have mixed ratings on PayPal, with an average target price of $85.00, where two analysts rate it as a sell, fourteen as hold, and eighteen as buy.

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 205,840 shares of the credit services provider's stock after buying an additional 13,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in PayPal were worth $13,431,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Security National Bank of SO Dak increased its holdings in PayPal by 1.1% in the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock valued at $1,041,000 after buying an additional 137 shares in the last quarter. Redwood Financial Network Corp increased its holdings in PayPal by 4.8% in the fourth quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock valued at $274,000 after buying an additional 147 shares in the last quarter. MONECO Advisors LLC increased its stake in shares of PayPal by 0.8% during the 1st quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider's stock worth $1,334,000 after purchasing an additional 154 shares in the last quarter. DMC Group LLC increased its stake in shares of PayPal by 2.0% during the 1st quarter. DMC Group LLC now owns 7,948 shares of the credit services provider's stock worth $519,000 after purchasing an additional 155 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC increased its stake in shares of PayPal by 4.5% during the 1st quarter. Bryn Mawr Capital Management LLC now owns 3,590 shares of the credit services provider's stock worth $234,000 after purchasing an additional 155 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded down $0.15 during trading hours on Friday, hitting $69.23. The stock had a trading volume of 8,124,225 shares, compared to its average volume of 13,079,699. The stock's fifty day simple moving average is $72.56 and its 200 day simple moving average is $70.94. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The firm has a market capitalization of $66.14 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.07 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PYPL. JMP Securities dropped their price objective on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research note on Wednesday, July 30th. UBS Group decreased their price target on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Piper Sandler set a $74.00 price target on shares of PayPal in a report on Tuesday, July 29th. Morgan Stanley reiterated a "positive" rating on shares of PayPal in a report on Wednesday, July 30th. Finally, Compass Point began coverage on shares of PayPal in a report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $85.00.

Insider Activity at PayPal

In related news, CAO Chris Natali sold 7,102 shares of the firm's stock in a transaction that occurred on 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 is available at this link. Also, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the transaction, the insider owned 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,736 shares of company stock worth $1,620,835 over the last ninety days. Insiders own 0.08% of the company's stock.

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.