PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Korea Investment CORP

Korea Investment CORP boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 26.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 862,393 shares of the credit services provider’s stock after buying an additional 181,847 shares during the period. Korea Investment CORP owned 0.09% of PayPal worth $73,605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. United Bank increased its stake in PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after purchasing an additional 794 shares during the period. Kingsview Wealth Management LLC increased its position in PayPal by 9.9% in the 3rd quarter. Kingsview Wealth Management LLC now owns 18,318 shares of the credit services provider’s stock valued at $1,429,000 after acquiring an additional 1,652 shares during the period. The Manufacturers Life Insurance Company raised its stake in PayPal by 29.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,758,100 shares of the credit services provider’s stock valued at $137,185,000 after acquiring an additional 397,985 shares during the last quarter. FMR LLC lifted its position in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. Finally, D.A. Davidson & CO. grew its stake in shares of PayPal by 31.6% in the 3rd quarter. D.A. Davidson & CO. now owns 201,397 shares of the credit services provider’s stock valued at $15,715,000 after purchasing an additional 48,383 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were 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 $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

PayPal Stock Performance

Shares of PYPL stock opened at $69.97 on Thursday. The firm has a market capitalization of $69.22 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a 50 day moving average price of $77.21 and a 200 day moving average price of $80.85. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $8.27 billion. During the same period in the previous year, the company posted $1.48 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

PYPL has been the subject of several recent research reports. Macquarie increased their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

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.