Quantinno Capital Management LP Increases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quantinno Capital Management LP boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 49.2% in the fourth quarter, Holdings Channel reports. The fund owned 126,237 shares of the credit services provider’s stock after buying an additional 41,611 shares during the quarter. Quantinno Capital Management LP’s holdings in PayPal were worth $10,774,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Geode Capital Management LLC lifted its stake in shares of PayPal by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock worth $1,849,884,000 after acquiring an additional 271,836 shares in the last quarter. FMR LLC grew its holdings in PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock worth $1,615,134,000 after buying an additional 2,161,582 shares in the last quarter. Capital Research Global Investors grew its holdings in PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock worth $1,529,823,000 after buying an additional 9,313,783 shares in the last quarter. Norges Bank acquired a new stake in PayPal in the fourth quarter worth approximately $1,086,508,000. Finally, Northern Trust Corp lifted its position in PayPal by 19.0% in the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider’s stock worth $892,953,000 after purchasing an additional 1,669,908 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Trading Up 0.5%

Shares of NASDAQ:PYPL opened at $72.68 on Thursday. The company has a market cap of $70.68 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.27 and a beta of 1.51. The stock’s 50-day moving average is $65.83 and its 200-day moving average is $77.54. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week 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 earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research reports. Wells Fargo & Company reduced their price objective on PayPal from $80.00 to $74.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. BMO Capital Markets reduced their target price on PayPal from $83.00 to $79.00 and set a “market perform” rating for the company in a report on Wednesday, April 30th. BTIG Research restated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Royal Bank of Canada reduced their target price on PayPal from $104.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Finally, Monness Crespi & Hardt reduced their target price on PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.68.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

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.