GF Fund Management CO. LTD. Grows Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

GF Fund Management CO. LTD. boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,085 shares of the credit services provider's stock after purchasing an additional 3,393 shares during the period. GF Fund Management CO. LTD.'s holdings in PayPal were worth $12,664,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal in the fourth quarter worth $25,000. Hurley Capital LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $27,000. Garde Capital Inc. purchased a new stake in shares of PayPal during the 1st quarter valued at about $28,000. Tsfg LLC increased its position in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in shares of PayPal in the 4th quarter worth approximately $34,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PYPL shares. 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 for the company. Macquarie cut their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $88.00 target price on shares of PayPal in a report on Thursday, June 26th. Bank of America lowered their target price on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Barclays reduced their price target on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of "Hold" and a consensus price target of $83.42.

Insider Activity

In other PayPal news, insider Suzan Kereere sold 4,162 shares of PayPal 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 transaction, the insider directly owned 48,483 shares of the company's stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the sale, the executive vice president owned 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by insiders.

PayPal Price Performance

Shares of PYPL stock traded up $0.10 during trading hours on Friday, hitting $76.41. The stock had a trading volume of 5,263,390 shares, compared to its average volume of 10,872,603. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $74.31 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.25 and a beta of 1.45. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The stock's 50-day moving average price is $71.22 and its two-hundred day moving average price is $74.28.

PayPal (NASDAQ:PYPL - Get Free Report) last released 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. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter last year, the business posted $1.08 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.