LSV Asset Management Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• LSV Asset Management increased its stake in PayPal Holdings, Inc. by 19.4% during the first quarter, owning over 3.5 million shares worth approximately $230.9 million.
• Insider transactions revealed that key executives sold shares, with Suzan Kereere selling 4,162 shares for about $304,825, reflecting a 7.91% decrease in her position.
• Analysts maintain a mixed outlook on PayPal, with ratings ranging from "sell" to "strong buy", and the average target price set at $84.57.

LSV Asset Management lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 19.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,538,160 shares of the credit services provider's stock after buying an additional 575,220 shares during the period. LSV Asset Management owned approximately 0.36% of PayPal worth $230,865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. J. Goldman & Co LP grew its position in shares of PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock worth $22,304,000 after buying an additional 27,812 shares during the last quarter. Proffitt & Goodson Inc. acquired a new stake in PayPal in the 1st quarter worth approximately $535,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in PayPal by 17.1% in 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. Triglav Skladi D.O.O. acquired a new stake in PayPal in the 4th quarter worth approximately $939,000. Finally, Transcend Capital Advisors LLC boosted its stake in PayPal by 41.7% in the 1st quarter. Transcend Capital Advisors LLC now owns 3,522 shares of the credit services provider's stock worth $230,000 after purchasing an additional 1,037 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Activity at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the sale, the insider owned 48,483 shares of the company's stock, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Diego Scotti sold 3,838 shares of the business's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at approximately $1,174,279.68. The trade was a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,736 shares of company stock worth $1,620,835 in the last quarter. 0.08% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of recent analyst reports. Barclays reiterated an "overweight" rating on shares of PayPal in a research note on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Citigroup reiterated a "buy" rating on shares of PayPal in a research note on Tuesday. Robert W. Baird lifted their target price on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Finally, Truist Financial started coverage on shares of PayPal in a research note on Monday, June 2nd. They set a "sell" rating and a $68.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.57.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $67.11 on Friday. The firm has a market cap of $64.12 billion, a PE ratio of 14.34, a PEG ratio of 1.06 and a beta of 1.42. The firm has a fifty day moving average of $73.14 and a 200 day moving average of $72.41. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.33. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

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

About PayPal

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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