PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 93.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,818 shares of the credit services provider's stock after purchasing an additional 13,473 shares during the period. E Fund Management Co. Ltd.'s holdings in PayPal were worth $1,815,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in PayPal during the fourth quarter worth about $25,000. Bernard Wealth Management Corp. acquired a new stake in PayPal during the fourth quarter worth about $34,000. Pinney & Scofield Inc. acquired a new stake in PayPal during the fourth quarter worth about $35,000. Evermay Wealth Management LLC increased its position in PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after purchasing an additional 363 shares during the last quarter. Finally, Garde Capital Inc. acquired a new stake in PayPal during the first quarter worth about $28,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on PYPL. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Truist Financial began coverage on shares of PayPal in a research report on Monday, June 2nd. They set a "sell" rating and a $68.00 price target for the company. UBS Group dropped their price target 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. Wells Fargo & Company dropped their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, JMP Securities dropped their price target on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating for the company in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, PayPal has a consensus rating of "Hold" and an average price target of $85.00.

Insider Activity at PayPal

In other news, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director owned 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diego Scotti sold 3,838 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 16,989 shares of the company's stock, valued at $1,174,279.68. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,736 shares of company stock worth $1,620,835 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

PayPal Stock Up 3.9%

Shares of NASDAQ:PYPL opened at $70.63 on Thursday. The company has a market capitalization of $67.48 billion, a PE ratio of 15.09, a P/E/G ratio of 1.05 and a beta of 1.42. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The firm has a 50 day simple moving average of $72.70 and a 200-day simple moving average of $71.21.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate 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. On average, equities 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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