IFM Investors Pty Ltd increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,762 shares of the credit services provider’s stock after buying an additional 15,017 shares during the period. PayPal comprises approximately 0.8% of IFM Investors Pty Ltd’s holdings, making the stock its 18th largest holding. IFM Investors Pty Ltd’s holdings in PayPal were worth $25,238,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Adams Wealth Management purchased a new stake in PayPal during the third quarter worth $25,000. Advisory Alpha LLC bought a new position in shares of PayPal in the 3rd quarter worth $25,000. Baron Financial Group LLC purchased a new stake in shares of PayPal during the 3rd quarter worth $45,000. Moser Wealth Advisors LLC boosted its position in PayPal by 400.0% during the third quarter. Moser Wealth Advisors LLC now owns 250 shares of the credit services provider’s stock valued at $49,000 after purchasing an additional 200 shares in the last quarter. Finally, Lowe Wealth Advisors LLC purchased a new position in PayPal in the fourth quarter valued at about $60,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.
In other news, EVP Mark Britto sold 9,000 shares of PayPal stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $202.27, for a total value of $1,820,430.00. Following the sale, the executive vice president now owns 90,650 shares in the company, valued at $18,335,775.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Daniel H. Schulman sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 17th. The stock was sold at an average price of $193.11, for a total transaction of $4,827,750.00. Following the sale, the chief executive officer now directly owns 420,203 shares of the company’s stock, valued at approximately $81,145,401.33. The disclosure for this sale can be found here. Insiders have sold a total of 87,109 shares of company stock worth $17,452,089 in the last quarter. Insiders own 0.12% of the company’s stock.
PYPL traded up $7.26 on Wednesday, reaching $244.90. The stock had a trading volume of 7,327,452 shares, compared to its average volume of 6,605,086. The business’s 50-day moving average price is $227.48 and its two-hundred day moving average price is $199.65. The company has a market cap of $286.95 billion, a P/E ratio of 112.34, a price-to-earnings-growth ratio of 3.42 and a beta of 1.11. PayPal Holdings, Inc. has a 12-month low of $82.07 and a 12-month high of $247.44. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.
PayPal (NASDAQ:PYPL) last posted its earnings results on Monday, November 2nd. The credit services provider reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.13. The firm had revenue of $5.46 billion for the quarter, compared to analysts’ expectations of $5.41 billion. PayPal had a return on equity of 16.17% and a net margin of 13.44%. The company’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period last year, the firm earned $0.61 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 2.76 earnings per share for the current year.
A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of PayPal from $234.00 to $275.00 and gave the company a “buy” rating in a report on Tuesday, December 22nd. BMO Capital Markets lowered their target price on shares of PayPal from $200.00 to $193.00 in a research note on Wednesday, November 4th. Piper Sandler upped their price target on PayPal from $228.00 to $255.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 9th. Rosenblatt Securities raised their price objective on PayPal from $250.00 to $254.00 and gave the stock a “buy” rating in a research report on Tuesday, November 17th. Finally, Seaport Global Securities began coverage on PayPal in a research report on Monday, December 7th. They set a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $209.61.
PayPal Company Profile
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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