PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by TCW Group Inc.

Key Points

• TCW Group Inc. increased its stake in PayPal Holdings, Inc. by 19.3% during the first quarter, owning a total of 35,597 shares worth approximately $2.32 million.
• Numerous hedge funds have adjusted their positions in PayPal, with significant increases including TD Asset Management Inc., which raised its stake by 56.4%.
• The stock has a consensus rating of "Hold" among analysts, with an average price target of $83.13, reflecting mixed opinions on its future performance.

TCW Group Inc. boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 19.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,597 shares of the credit services provider's stock after acquiring an additional 5,750 shares during the quarter. TCW Group Inc.'s holdings in PayPal were worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. MRP Capital Investments LLC lifted its position in PayPal by 7.4% during the 1st quarter. MRP Capital Investments LLC now owns 15,955 shares of the credit services provider's stock worth $1,041,000 after acquiring an additional 1,095 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in PayPal by 6.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,819 shares of the credit services provider's stock worth $49,709,000 after acquiring an additional 45,817 shares during the period. Accretive Wealth Partners LLC lifted its position in PayPal by 23.4% during the 1st quarter. Accretive Wealth Partners LLC now owns 11,257 shares of the credit services provider's stock worth $766,000 after acquiring an additional 2,132 shares during the period. Empirical Finance LLC lifted its position in PayPal by 1.5% during the 1st quarter. Empirical Finance LLC now owns 38,078 shares of the credit services provider's stock worth $2,485,000 after acquiring an additional 549 shares during the period. Finally, TD Asset Management Inc lifted its position in PayPal by 56.4% during the 1st quarter. TD Asset Management Inc now owns 847,567 shares of the credit services provider's stock worth $55,304,000 after acquiring an additional 305,532 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PYPL. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. UBS Group lowered their price objective on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Macquarie lowered their price objective on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $88.00 price objective on shares of PayPal in a report on Thursday, June 26th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $96.00 price objective on shares of PayPal in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $83.13.

PayPal Trading Up 0.3%

Shares of PYPL opened at $78.22 on Tuesday. The stock has a fifty day moving average of $73.31 and a two-hundred day moving average of $72.69. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $76.07 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.28 and a beta of 1.45. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate 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 24.59% and a net margin of 14.26%. PayPal's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling at PayPal

In other news, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director owned 13,976 shares of the company's stock, valued at approximately $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. In the last three months, insiders sold 11,796 shares of company stock worth $863,028. 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.

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