RD Finance Ltd Takes Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• RD Finance Ltd acquired 34,665 shares of PayPal Holdings, Inc. for approximately $2.26 million, making PayPal the 12th largest holding in its investment portfolio.
• Multiple institutional investors have increased their stakes in PayPal, with Capital Research boosting its holdings by 108.2% in the last quarter alone.
• Wall Street analysts have a mixed outlook on PayPal, with two analysts rating it as sell and an average target price of $83.13.

RD Finance Ltd purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 34,665 shares of the credit services provider's stock, valued at approximately $2,262,000. PayPal makes up about 1.8% of RD Finance Ltd's investment portfolio, making the stock its 12th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of PYPL. Security National Bank of SO Dak lifted its holdings in PayPal by 1.1% in the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock valued at $1,041,000 after buying an additional 137 shares during the period. Cohen & Steers Inc. lifted its holdings in PayPal by 5.1% in the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock valued at $257,000 after buying an additional 145 shares during the period. Redwood Financial Network Corp lifted its holdings in PayPal by 4.8% in the fourth quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock valued at $274,000 after buying an additional 147 shares during the period. DMC Group LLC lifted its holdings in PayPal by 2.0% in the first quarter. DMC Group LLC now owns 7,948 shares of the credit services provider's stock valued at $519,000 after buying an additional 155 shares during the period. Finally, Bryn Mawr Capital Management LLC lifted its holdings in PayPal by 4.5% in the first quarter. Bryn Mawr Capital Management LLC now owns 3,590 shares of the credit services provider's stock valued at $234,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Stock Performance

PayPal stock traded down $1.65 during midday trading on Friday, hitting $67.11. The company's stock had a trading volume of 11,438,122 shares, compared to its average volume of 11,247,034. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.30. The company has a 50-day moving average price of $73.20 and a two-hundred day moving average price of $72.55. The company has a market cap of $64.11 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.11 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The business had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. During the same quarter in the previous year, the company earned $1.19 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider directly owned 48,483 shares of the company's stock, valued at $3,550,894.92. The trade was a 7.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was 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 in the company, valued at $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock worth $863,028 in the last three months. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several analyst reports. Bank of America cut their target price on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Robert W. Baird increased their target price on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Macquarie reiterated an "outperform" rating and issued a $95.00 target price on shares of PayPal in a report on Wednesday. Wells Fargo & Company cut their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, UBS Group cut their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.57.

PayPal 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.