PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 93.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,818 shares of the credit services provider’s stock after acquiring an additional 13,473 shares during the quarter. E Fund Management Co. Ltd.’s holdings in PayPal were worth $1,815,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PYPL. Mpwm Advisory Solutions LLC acquired a new position in PayPal in the 4th quarter valued at $25,000. Evermay Wealth Management LLC increased its stake in PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after buying an additional 363 shares during the period. Garde Capital Inc. acquired a new position in PayPal in the 1st quarter valued at $28,000. Tsfg LLC increased its stake in PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after buying an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new position in PayPal in the 4th quarter valued at $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Deborah M. Messemer sold 3,795 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the transaction, the director owned 13,976 shares of the company’s stock, valued at $1,020,248. This represents a 21.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Suzan Kereere sold 4,162 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the transaction, the insider directly owned 48,483 shares of the company’s stock, valued at approximately $3,550,894.92. This represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,736 shares of company stock valued at $1,620,835 in the last 90 days. Company insiders own 0.08% of the company’s stock.

PayPal Price Performance

NASDAQ:PYPL opened at $70.63 on Thursday. The firm has a market cap of $67.48 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.05 and a beta of 1.42. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average is $72.70 and its two-hundred day moving average is $71.21. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same period in the prior year, the firm earned $1.19 EPS. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PYPL. Robert W. Baird boosted their price objective on shares of PayPal from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $88.00 price objective on shares of PayPal in a research note on Thursday, June 26th. Wells Fargo & Company dropped their price objective on shares of PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Citigroup restated a “buy” rating on shares of PayPal in a research report on Tuesday, July 29th. Finally, Morgan Stanley restated a “positive” rating on shares of PayPal in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $85.00.

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.