Dundas Partners LLP Purchases 624 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Dundas Partners LLP raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 39.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,207 shares of the credit services provider’s stock after buying an additional 624 shares during the period. Dundas Partners LLP’s holdings in PayPal were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton boosted its position in 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 buying an additional 125 shares during the period. Sugarloaf Wealth Management LLC lifted its position 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 worth $30,000 after purchasing an additional 272 shares during the period. Planning Capital Management Corp lifted its position in shares of PayPal by 186.1% in 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 period. Finally, Legacy Investment Solutions LLC purchased a new stake in PayPal during the third quarter valued at approximately $36,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

Shares of PayPal stock opened at $70.48 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $81.75 and its two-hundred day moving average price is $81.07. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The stock has a market cap of $69.72 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Susquehanna increased their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Barclays increased their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Friday, February 28th. Finally, Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $86.00 to $103.00 in a report on Monday, December 9th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% 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.