Triglav Skladi D.O.O. Acquires Shares of 11,000 PayPal Holdings, Inc. (NASDAQ:PYPL)

Triglav Skladi D.O.O. acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,000 shares of the credit services provider's stock, valued at approximately $939,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PYPL. Geode Capital Management LLC raised its position in shares of PayPal by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock worth $1,849,884,000 after purchasing an additional 271,836 shares during the last quarter. FMR LLC raised its position in shares of PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after purchasing an additional 2,161,582 shares during the last quarter. Capital Research Global Investors raised its position in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after purchasing an additional 9,313,783 shares during the last quarter. Norges Bank purchased a new position in shares of PayPal in the 4th quarter worth about $1,086,508,000. Finally, Northern Trust Corp raised its position in shares of PayPal by 19.0% in the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after purchasing an additional 1,669,908 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

PayPal Trading Up 0.9%

Shares of NASDAQ:PYPL opened at $72.18 on Monday. The stock has a 50 day moving average of $65.99 and a 200 day moving average of $77.38. The company has a market cap of $70.20 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PYPL shares. StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $96.00 price target on shares of PayPal in a research report on Wednesday, April 30th. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods lowered their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, March 31st. Finally, Barclays decreased their target price on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.68.

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.

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