StoneX Group Inc. Buys 11,260 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

StoneX Group Inc. increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 70.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,249 shares of the credit services provider’s stock after acquiring an additional 11,260 shares during the quarter. StoneX Group Inc.’s holdings in PayPal were worth $2,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Norges Bank bought a new position in shares of PayPal during the fourth quarter valued at about $1,086,508,000. Artisan Partners Limited Partnership raised its position in PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock valued at $666,100,000 after purchasing an additional 5,772,198 shares during the last quarter. World Investment Advisors LLC purchased a new stake in PayPal in the 3rd quarter worth approximately $387,435,000. Robeco Institutional Asset Management B.V. grew its position in shares of PayPal by 174.1% in 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 buying an additional 2,689,162 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of PayPal during the fourth quarter valued at approximately $135,537,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of several recent analyst reports. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Susquehanna increased their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Arete Research cut PayPal from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Finally, Barclays lifted their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Sixteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.40.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Trading Up 1.3 %

Shares of PYPL stock opened at $66.10 on Wednesday. The stock has a market capitalization of $65.39 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.27 and a beta of 1.52. 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 50 day moving average is $75.28 and its 200 day moving average is $80.83. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66.

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

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.