LSV Asset Management Buys 365,300 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

LSV Asset Management grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 2,480,900 shares of the credit services provider’s stock after purchasing an additional 365,300 shares during the quarter. LSV Asset Management’s holdings in PayPal were worth $166,195,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in PayPal during the fourth quarter worth about $749,561,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of PayPal by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock worth $428,449,000 after acquiring an additional 265,116 shares during the period. First Trust Advisors LP boosted its holdings in shares of PayPal by 1.7% during the fourth quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after acquiring an additional 61,384 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of PayPal by 11.9% during the fourth quarter. Hsbc Holdings PLC now owns 2,891,840 shares of the credit services provider’s stock worth $177,541,000 after acquiring an additional 306,613 shares during the period. Finally, HS Management Partners LLC boosted its holdings in shares of PayPal by 11.3% during the fourth quarter. HS Management Partners LLC now owns 2,196,910 shares of the credit services provider’s stock worth $134,912,000 after acquiring an additional 222,410 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.5 %

NASDAQ PYPL traded up $0.28 on Friday, reaching $60.27. The company had a trading volume of 8,158,367 shares, compared to its average volume of 14,713,099. The firm has a market cap of $63.05 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 0.96 and a beta of 1.42. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The business has a 50 day moving average of $62.02 and a two-hundred day moving average of $62.25. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share. Analysts forecast that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of research analyst reports. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Wells Fargo & Company boosted their price objective on PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. TD Cowen lifted their price target on shares of PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. JMP Securities lifted their price target on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Finally, BMO Capital Markets lifted their price target on shares of PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a research report on Wednesday, May 1st. Twenty analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.82.

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.