190,692 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 190,692 shares of the credit services provider's stock, valued at approximately $16,276,000.

A number of other hedge funds have also added to or reduced their stakes in PYPL. Pinney & Scofield Inc. bought a new stake in PayPal during the fourth quarter valued at approximately $35,000. Neo Ivy Capital Management purchased a new stake in shares of PayPal during the 4th quarter valued at $1,436,000. Fourth Dimension Wealth LLC bought a new stake in shares of PayPal during the 4th quarter worth $38,000. Vise Technologies Inc. increased its stake in PayPal by 72.7% in the fourth quarter. Vise Technologies Inc. now owns 12,150 shares of the credit services provider's stock valued at $1,037,000 after acquiring an additional 5,116 shares during the last quarter. Finally, JT Stratford LLC increased its position in shares of PayPal by 42.1% during the 4th quarter. JT Stratford LLC now owns 26,871 shares of the credit services provider's stock valued at $2,293,000 after purchasing an additional 7,955 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded down $1.60 during trading on Monday, hitting $69.85. The company's stock had a trading volume of 7,678,681 shares, compared to its average volume of 11,231,322. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $67.93 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a 50-day moving average of $66.28 and a 200-day moving average of $77.10.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on PYPL shares. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Robert W. Baird raised their price objective on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Morgan Stanley boosted their price objective on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group reissued a "buy" rating and issued a $96.00 price target on shares of PayPal in a report on Wednesday, April 30th. Finally, BTIG Research restated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $83.68.

Insider Buying and Selling

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