Rathbones Group PLC Purchases 92,069 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Rathbones Group PLC raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 45.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 295,699 shares of the credit services provider’s stock after purchasing an additional 92,069 shares during the quarter. Rathbones Group PLC’s holdings in PayPal were worth $25,238,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Invesco Ltd. raised its stake in PayPal by 1.8% in the fourth quarter. Invesco Ltd. now owns 8,283,915 shares of the credit services provider’s stock worth $707,032,000 after buying an additional 144,402 shares in the last quarter. Cerity Partners LLC grew its holdings in PayPal by 2.2% during the fourth quarter. Cerity Partners LLC now owns 295,990 shares of the credit services provider’s stock worth $24,711,000 after acquiring an additional 6,255 shares during the period. FMR LLC grew its position in PayPal by 12.9% during the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock valued at $1,615,134,000 after buying an additional 2,161,582 shares during the period. Polymer Capital Management HK LTD increased its stake in shares of PayPal by 8.4% during the fourth quarter. Polymer Capital Management HK LTD now owns 7,100 shares of the credit services provider’s stock worth $606,000 after purchasing an additional 550 shares in the last quarter. Finally, Aristides Capital LLC grew its holdings in shares of PayPal by 12.1% during the fourth quarter. Aristides Capital LLC now owns 67,150 shares of the credit services provider’s stock worth $5,731,000 after buying an additional 7,250 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 5.4 %

PYPL opened at $58.37 on Monday. PayPal Holdings, Inc. has a twelve month low of $56.32 and a twelve month high of $93.66. The firm has a market cap of $57.74 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.27 and a beta of 1.60. The firm’s 50-day simple moving average is $73.65 and its 200-day simple moving average is $80.63. 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 announced its 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. 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 the consensus estimate of $8.27 billion. During the same period in the previous year, the business earned $1.48 EPS. PayPal’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

PYPL has been the topic of several recent analyst reports. Susquehanna upped their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Barclays upped their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $89.13.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s 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 completion of the sale, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.