B. Metzler seel. Sohn & Co. AG Buys 23,507 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

B. Metzler seel. Sohn & Co. AG raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 43.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,971 shares of the credit services provider’s stock after buying an additional 23,507 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in PayPal were worth $6,653,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal in the third quarter valued at about $26,000. Rosenberg Matthew Hamilton increased its holdings in PayPal by 67.6% during 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 in the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of PayPal during the third quarter worth approximately $36,000. Finally, Modus Advisors LLC acquired a new position in PayPal during the 4th quarter worth $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Macquarie boosted their price target on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Susquehanna lifted their target price on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Finally, Piper Sandler cut their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Sixteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.40.

PayPal Price Performance

NASDAQ:PYPL opened at $65.25 on Tuesday. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The firm has a market capitalization of $64.55 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.27 and a beta of 1.52. The stock’s 50 day moving average price is $75.75 and its two-hundred day moving average price is $80.86. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Insider Transactions at PayPal

In other PayPal 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 transaction, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

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.