PKO Investment Management Joint Stock Co Purchases Shares of 30,000 PayPal Holdings, Inc. (NASDAQ:PYPL)

PKO Investment Management Joint Stock Co acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 30,000 shares of the credit services provider's stock, valued at approximately $2,560,000.

Other hedge funds have also recently made changes to their positions in the company. Centaurus Financial Inc. boosted its position in shares of PayPal by 11.7% during the fourth quarter. Centaurus Financial Inc. now owns 16,195 shares of the credit services provider's stock valued at $1,382,000 after buying an additional 1,690 shares during the last quarter. Audent Global Asset Management LLC grew its position in PayPal by 164.6% during the 4th quarter. Audent Global Asset Management LLC now owns 37,942 shares of the credit services provider's stock worth $3,238,000 after acquiring an additional 23,604 shares during the last quarter. GHE LLC lifted its stake in shares of PayPal by 4.7% in the 4th quarter. GHE LLC now owns 28,214 shares of the credit services provider's stock valued at $2,408,000 after purchasing an additional 1,258 shares during the period. Fluent Financial LLC increased its position in PayPal by 178.1% during the 4th quarter. Fluent Financial LLC now owns 18,885 shares of the credit services provider's stock valued at $1,612,000 after buying an additional 12,095 shares in the last quarter. Finally, Cim LLC increased its holdings in shares of PayPal by 0.3% in the 4th quarter. Cim LLC now owns 98,809 shares of the credit services provider's stock worth $8,433,000 after purchasing an additional 296 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PYPL. Monness Crespi & Hardt cut their price target on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Evercore ISI assumed coverage on PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective for the company. UBS Group lowered their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Citigroup cut their price target on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Compass Point assumed coverage on PayPal in a research note on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $83.68.

PayPal Stock Performance

PayPal stock traded down $0.51 during mid-day trading on Thursday, reaching $70.93. The company had a trading volume of 7,057,870 shares, compared to its average volume of 11,197,670. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The firm has a market cap of $68.98 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.27 and a beta of 1.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $66.34 and a 200-day moving average of $76.93.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. On average, sell-side analysts expect 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.