PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in PayPal Holdings, acquiring an additional 276,339 shares, bringing its total ownership to 86,221,849 shares, valued at approximately $5.63 billion.
• PayPal's stock recently fell by 1.7% to $68.22, with a market capitalization of $65.18 billion and a P/E ratio of 14.58.
• Analyst ratings for PayPal are mixed, with a consensus rating of Moderate Buy and an average price target of $84.57, indicating varying expectations among industry experts.

Vanguard Group Inc. increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,221,849 shares of the credit services provider's stock after acquiring an additional 276,339 shares during the period. Vanguard Group Inc. owned approximately 8.87% of PayPal worth $5,625,976,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Capital Research Global Investors grew its holdings in PayPal by 108.2% in the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares during the last quarter. Northern Trust Corp boosted 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 buying an additional 1,669,908 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of PayPal by 44.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock worth $558,499,000 after buying an additional 2,638,815 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in PayPal by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider's stock valued at $651,619,000 after acquiring an additional 1,114,858 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in PayPal by 17.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 4,970,637 shares of the credit services provider's stock valued at $324,334,000 after acquiring an additional 737,296 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Seaport Res Ptn raised shares of PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. JMP Securities lowered their target price on PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a report on Wednesday, July 30th. UBS Group cut their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Finally, Bank of America reduced their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, PayPal currently has an average rating of "Moderate Buy" and an average target price of $84.57.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction 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 completion of the transaction, the insider directly owned 48,483 shares of the company's stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director directly owned 13,976 shares of the company's stock, valued at $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,736 shares of company stock worth $1,620,835. 0.08% of the stock is owned by insiders.

PayPal Stock Down 0.8%

PayPal stock traded down $0.57 during trading on Friday, reaching $67.65. 9,663,964 shares of the company's stock were exchanged, compared to its average volume of 11,262,234. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company's 50-day moving average is $72.94 and its two-hundred day moving average is $71.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $64.63 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 1.07 and a beta of 1.42.

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

PayPal Company 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.