Nan Fung Trinity HK Ltd. Increases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Nan Fung Trinity HK Ltd. raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 87.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 133,800 shares of the credit services provider’s stock after buying an additional 62,600 shares during the period. PayPal makes up approximately 2.3% of Nan Fung Trinity HK Ltd.’s portfolio, making the stock its 15th largest position. Nan Fung Trinity HK Ltd.’s holdings in PayPal were worth $11,420,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal during the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton increased its position in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp lifted its position in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its stake in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 3.5 %

Shares of PayPal stock opened at $74.95 on Friday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a market cap of $74.14 billion, a P/E ratio of 18.69, a PEG ratio of 1.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a fifty day moving average of $85.18 and a two-hundred day moving average of $80.75.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the prior year, the company posted $1.48 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Macquarie raised their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. UBS Group raised their target price on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Robert W. Baird reduced their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Susquehanna upped their target price on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Fourteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

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.