LGT Group Foundation Buys 730 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

LGT Group Foundation grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,188 shares of the credit services provider’s stock after acquiring an additional 730 shares during the period. LGT Group Foundation’s holdings in PayPal were worth $1,040,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PYPL. FMR LLC grew its position in shares of PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. Mizuho Securities USA LLC grew its position in shares of PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares during the period. Primecap Management Co. CA grew its position in shares of PayPal by 21.6% in the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after purchasing an additional 1,069,356 shares during the period. World Investment Advisors LLC acquired a new position in shares of PayPal in the 3rd quarter valued at approximately $387,435,000. Finally, 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 valued at $361,316,000 after purchasing an additional 2,689,162 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Stock Down 1.8 %

PYPL opened at $69.75 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The stock’s fifty day simple moving average is $83.27 and its 200 day simple moving average is $81.17. 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 stock has a market cap of $69.00 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PYPL shares. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. Robert W. Baird decreased their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Friday. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.03.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.14% of the company’s stock.

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.