Nan Fung Trinity HK Ltd. Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Nan Fung Trinity HK Ltd. increased its holdings in PayPal by 26.3% during the first quarter, acquiring a total of 169,000 shares valued at approximately $11 million.
• Several institutional investors have significantly boosted their positions in PayPal, with Capital Research Global Investors raising its stake by 108.2%, owning 17.9 million shares worth over $1.5 billion.
• Analyst ratings for PayPal show a consensus rating of "Hold" with a price target of $83.13, reflecting mixed sentiment among analysts regarding the stock's future performance.

Nan Fung Trinity HK Ltd. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 26.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 169,000 shares of the credit services provider's stock after purchasing an additional 35,200 shares during the period. PayPal makes up about 1.7% of Nan Fung Trinity HK Ltd.'s investment portfolio, making the stock its 24th largest position. Nan Fung Trinity HK Ltd.'s holdings in PayPal were worth $11,027,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after acquiring an additional 9,313,783 shares in the last quarter. FMR LLC grew its holdings in PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after acquiring an additional 2,161,582 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in PayPal by 124.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock worth $228,206,000 after acquiring an additional 1,936,520 shares in the last quarter. Northern Trust Corp grew its holdings in PayPal by 19.0% during the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after acquiring an additional 1,669,908 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in PayPal during the 4th quarter worth about $140,164,000. Institutional investors own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PYPL shares. Macquarie restated an "outperform" rating and issued a $95.00 price target on shares of PayPal in a report on Wednesday. Truist Financial started coverage on shares of PayPal in a report on Monday, June 2nd. They issued a "sell" rating and a $68.00 price target on the stock. Wells Fargo & Company lowered their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. UBS Group decreased their price objective on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Monness Crespi & Hardt decreased their price objective on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.57.

PayPal Stock Down 2.4%

Shares of PayPal stock traded down $1.65 on Friday, reaching $67.11. 14,892,824 shares of the company were exchanged, compared to its average volume of 11,250,775. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a market cap of $64.12 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.30. The stock's 50 day moving average price is $73.20 and its 200-day moving average price is $72.55.

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

Insider Activity at PayPal

In other news, EVP Diego Scotti sold 3,839 shares of the 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 completion of the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the sale, the director directly owned 13,976 shares of the company's stock, valued at $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock valued at $863,028 over the last three months. 0.08% of the stock is owned by corporate insiders.

PayPal 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.