International Assets Investment Management LLC Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

International Assets Investment Management LLC raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6,724.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 658,070 shares of the credit services provider's stock after purchasing an additional 648,427 shares during the quarter. International Assets Investment Management LLC owned approximately 0.06% of PayPal worth $40,412,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PYPL. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of PayPal by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider's stock valued at $144,215,000 after acquiring an additional 138,875 shares in the last quarter. Dakota Wealth Management raised its holdings in PayPal by 8.6% during the first quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider's stock worth $566,000 after buying an additional 387 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of PayPal by 15.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider's stock valued at $793,000 after buying an additional 918 shares in the last quarter. Covestor Ltd increased its holdings in PayPal by 136.1% during the 1st quarter. Covestor Ltd now owns 1,334 shares of the credit services provider's stock worth $154,000 after purchasing an additional 769 shares in the last quarter. Finally, Donaldson Capital Management LLC raised its stake in shares of PayPal by 5.3% in the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider's stock worth $358,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Price Performance

NASDAQ PYPL traded up $0.66 during trading hours on Tuesday, hitting $67.00. The company had a trading volume of 8,408,060 shares, compared to its average volume of 17,374,740. The firm has a 50 day simple moving average of $61.84 and a 200 day simple moving average of $59.58. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $77.95. The firm has a market capitalization of $71.81 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.47 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal's revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $1.01 earnings per share. Equities research analysts expect that PayPal Holdings, Inc. will post 3.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PYPL shares. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research report on Friday, January 5th. StockNews.com upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research note on Friday. Wedbush reissued an "outperform" rating and set a $85.00 price target on shares of PayPal in a research report on Thursday, February 8th. JMP Securities restated a "market outperform" rating and set a $68.00 price target on shares of PayPal in a report on Thursday, February 8th. Finally, UBS Group increased their price objective on shares of PayPal from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, PayPal has an average rating of "Hold" and an average price target of $70.47.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares of the company's stock, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company's stock.

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.