PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,222,677 shares of the credit services provider’s stock after purchasing an additional 40,361 shares during the quarter. Principal Financial Group Inc.’s holdings in PayPal were worth $104,356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal during the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton raised its holdings in shares of PayPal by 67.6% during the 4th 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 period. Sugarloaf Wealth Management LLC raised its holdings in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares during the period. Planning Capital Management Corp raised its holdings in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares during the period. Finally, Financial Management Professionals Inc. raised its holdings in shares of PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $78.62 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 $77.77 billion, a PE ratio of 19.61, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The business has a 50-day simple moving average of $86.18 and a 200-day simple moving average of $80.45.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PYPL. Macquarie lifted 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. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, February 5th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Monness Crespi & Hardt boosted their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, BMO Capital Markets boosted their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $90.52.

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.