PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,054 shares of the credit services provider's stock after purchasing an additional 17,428 shares during the period. IFM Investors Pty Ltd's holdings in PayPal were worth $13,641,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PYPL. Mpwm Advisory Solutions LLC bought a new position in PayPal during the fourth quarter worth $25,000. Hurley Capital LLC acquired a new position in PayPal in the fourth quarter worth approximately $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of PayPal during the fourth quarter valued at $34,000. Pinney & Scofield Inc. purchased a new position in shares of PayPal in the fourth quarter worth approximately $35,000. Finally, Garde Capital Inc. purchased a new stake in shares of PayPal in the first quarter valued at $28,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 3,795 shares of the company'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 value of $277,035.00. Following the completion of the sale, the director owned 13,976 shares of the company's stock, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the sale, the executive vice president owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is owned by insiders.

PayPal Stock Performance

Shares of PayPal stock traded up $0.10 during trading on Friday, hitting $76.41. 5,263,390 shares of the company's stock traded hands, compared to its average volume of 10,872,603. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The business has a 50-day simple moving average of $71.45 and a 200-day simple moving average of $74.18. The stock has a market capitalization of $74.31 billion, a P/E ratio of 17.09, a PEG ratio of 1.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last 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.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent research reports. Arete Research set a $81.00 price objective on shares of PayPal in a research note on Thursday, March 27th. Keefe, Bruyette & Woods dropped their price objective on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Citigroup lowered their price objective on shares of PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, Truist Financial started coverage on shares of PayPal in a research report on Monday, June 2nd. They set a "sell" rating and a $68.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $83.42.

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.