Penserra Capital Management LLC Increases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Penserra Capital Management LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 291,752 shares of the credit services provider's stock after buying an additional 3,856 shares during the quarter. Penserra Capital Management LLC's holdings in PayPal were worth $19,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after acquiring an additional 924 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of PayPal during the 4th quarter valued at approximately $248,000. Steward Partners Investment Advisory LLC raised its position in shares of PayPal by 36.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 36,406 shares of the credit services provider's stock worth $3,107,000 after buying an additional 9,636 shares in the last quarter. Assetmark Inc. raised its position in shares of PayPal by 492.4% during the 4th quarter. Assetmark Inc. now owns 1,410 shares of the credit services provider's stock valued at $120,000 after buying an additional 1,172 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in PayPal in the 4th quarter worth $216,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director directly 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 SEC, which can be accessed through this hyperlink. 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 sale, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock valued at $863,028 in the last three months. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PYPL. Arete Research set a $81.00 price target on PayPal in a research note on Thursday, March 27th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Truist Financial initiated coverage on PayPal in a research report on Monday, June 2nd. They issued a "sell" rating and a $68.00 price objective on the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 price target on shares of PayPal in a research note on Wednesday, April 30th. Finally, Compass Point initiated coverage on PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $83.42.

PayPal Price Performance

PYPL traded up $0.10 on Friday, reaching $76.41. The company had a trading volume of 5,263,390 shares, compared to its average volume of 10,867,096. The business has a 50 day simple moving average of $71.45 and a 200 day simple moving average of $74.10. 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 cap of $74.31 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 1.25 and a beta of 1.45. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its 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 net margin of 14.26% and a return on equity of 24.59%. The company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter last year, the company earned $1.08 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.