PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Lifted by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 70.8% during the 4th quarter, HoldingsChannel reports. The firm owned 14,755 shares of the credit services provider’s stock after buying an additional 6,114 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in PayPal were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hartford Financial Management Inc. increased its position in PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after acquiring an additional 163 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its stake in shares of PayPal by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after purchasing an additional 170 shares during the last quarter. Brooks Moore & Associates Inc. boosted its stake in shares of PayPal by 1.3% in the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after purchasing an additional 180 shares during the last quarter. Waldron Private Wealth LLC boosted its stake in shares of PayPal by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after purchasing an additional 182 shares during the last quarter. Finally, New World Advisors LLC boosted its stake in shares of PayPal by 2.9% in the 4th quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock valued at $404,000 after purchasing an additional 185 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

Shares of PayPal stock traded up $1.24 during trading on Tuesday, reaching $64.43. The company’s stock had a trading volume of 9,897,597 shares, compared to its average volume of 16,395,941. The business’s 50-day moving average price is $62.53 and its 200-day moving average price is $60.04. The firm has a market cap of $67.82 billion, a PE ratio of 16.78, a P/E/G ratio of 1.38 and a beta of 1.45. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. PayPal’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.01 earnings per share. Equities analysts forecast that PayPal Holdings, Inc. will post 4.04 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PYPL. JPMorgan Chase & Co. reduced their target price on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Wells Fargo & Company raised their target price on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Daiwa Capital Markets downgraded shares of PayPal from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $64.00 to $62.00 in a report on Tuesday, February 13th. UBS Group lifted their price objective on shares of PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Monness Crespi & Hardt lowered their price objective on shares of PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $70.47.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

PayPal 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.