Fox Run Management L.L.C. Buys 18,984 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Fox Run Management L.L.C. increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 303.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,243 shares of the credit services provider’s stock after acquiring an additional 18,984 shares during the period. PayPal makes up 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 9th largest position. Fox Run Management L.L.C.’s holdings in PayPal were worth $2,154,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its holdings in PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after buying an additional 7,767,072 shares during the period. World Investment Advisors LLC purchased a new position in PayPal in the third quarter valued at approximately $387,435,000. Robeco Institutional Asset Management B.V. raised its holdings in PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after buying an additional 2,689,162 shares during the period. Raymond James Financial Inc. purchased a new position in PayPal in the fourth quarter valued at approximately $135,537,000. Finally, Contrarius Group Holdings Ltd purchased a new position in PayPal in the fourth quarter valued at approximately $81,342,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PYPL has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research note on Friday, December 13th. Finally, DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Friday, February 28th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.03.

PayPal Stock Performance

Shares of PYPL opened at $70.19 on Friday. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The company has a market cap of $69.43 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. 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 $78.19 and a 200-day moving average of $80.80.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 EPS. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The shares were 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 owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

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.