PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,372,425 shares of the credit services provider’s stock after acquiring an additional 202,712 shares during the period. ProShare Advisors LLC owned 0.14% of PayPal worth $117,136,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Hurley Capital LLC bought a new position in PayPal in the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. bought a new position in PayPal in the 4th quarter valued at about $37,000. Crowley Wealth Management Inc. bought a new position in PayPal in the 4th quarter valued at about $39,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of PayPal during the 4th quarter valued at about $41,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on PYPL shares. Macquarie reduced their price objective on shares of PayPal from $117.00 to $95.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. UBS Group dropped their price objective on PayPal from $88.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. Royal Bank of Canada dropped their price objective on PayPal from $104.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.68.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This 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 can be accessed through this link. Insiders own 0.14% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $71.57 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average price is $65.90 and its two-hundred day moving average price is $77.45. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm has a market capitalization of $69.60 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.