LPL Financial LLC Has $86.91 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

LPL Financial LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,013,517 shares of the credit services provider’s stock after purchasing an additional 94,903 shares during the period. LPL Financial LLC’s holdings in PayPal were worth $86,910,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. FMR LLC raised its position in shares of PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in PayPal by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider’s stock valued at $564,631,000 after acquiring an additional 84,337 shares during the last quarter. World Investment Advisors LLC bought a new position in PayPal during the 3rd quarter worth approximately $387,435,000. Robeco Institutional Asset Management B.V. raised its holdings in PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after purchasing an additional 2,689,162 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of PayPal by 4.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,570,789 shares of the credit services provider’s stock worth $200,599,000 after purchasing an additional 106,435 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL stock opened at $70.86 on Wednesday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a market cap of $70.10 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.27 and a beta of 1.52. The firm has a 50-day moving average of $77.61 and a 200-day moving average of $80.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the business posted $1.48 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PYPL shares. Keefe, Bruyette & Woods lifted their target price on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Macquarie increased their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research note on Friday, December 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Finally, Morgan Stanley boosted their price target on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Fourteen equities 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 company. According to data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate 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.