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

GF Fund Management CO. LTD. increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 194,085 shares of the credit services provider's stock after purchasing an additional 3,393 shares during the quarter. GF Fund Management CO. LTD.'s holdings in PayPal were worth $12,664,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Calamos Advisors LLC boosted its position in PayPal by 1.1% during the 1st quarter. Calamos Advisors LLC now owns 134,861 shares of the credit services provider's stock valued at $8,800,000 after acquiring an additional 1,502 shares in the last quarter. D.A. Davidson & CO. boosted its position in PayPal by 4.8% during the 1st quarter. D.A. Davidson & CO. now owns 279,486 shares of the credit services provider's stock valued at $18,236,000 after acquiring an additional 12,715 shares in the last quarter. Mutual Advisors LLC boosted its position in PayPal by 10.0% during the 1st quarter. Mutual Advisors LLC now owns 7,584 shares of the credit services provider's stock valued at $496,000 after acquiring an additional 689 shares in the last quarter. Meritage Portfolio Management boosted its position in PayPal by 18.8% during the 1st quarter. Meritage Portfolio Management now owns 225,584 shares of the credit services provider's stock valued at $14,719,000 after acquiring an additional 35,627 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its position in PayPal by 1.1% during the 1st quarter. Resonant Capital Advisors LLC now owns 30,980 shares of the credit services provider's stock valued at $2,021,000 after acquiring an additional 345 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on PYPL. Robert W. Baird increased their target price on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods reduced their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. BMO Capital Markets reduced their target price on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Finally, Piper Sandler upgraded PayPal to a "neutral" rating and set a $74.00 target price for the company in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PayPal has an average rating of "Hold" and an average target price of $83.42.

PayPal Trading Down 0.5%

NASDAQ:PYPL traded down $0.41 during trading hours on Monday, reaching $76.18. 5,916,204 shares of the stock were exchanged, compared to its average volume of 10,847,297. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average of $71.45 and a two-hundred day moving average of $74.01. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a market capitalization of $74.09 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.25 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The firm's revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity

In other news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction 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 sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzan Kereere sold 4,162 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 $304,824.88. Following the completion of the sale, the insider owned 48,483 shares in the company, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,796 shares of company stock worth $863,028. Corporate insiders own 0.08% of the company's stock.

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.