93,447 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 93,447 shares of the credit services provider’s stock, valued at approximately $7,976,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jupiter Asset Management Ltd. lifted its position in PayPal by 174.3% in the 4th quarter. Jupiter Asset Management Ltd. now owns 288,002 shares of the credit services provider’s stock valued at $24,581,000 after acquiring an additional 183,023 shares in the last quarter. Great Lakes Advisors LLC raised its stake in shares of PayPal by 1.0% in the fourth quarter. Great Lakes Advisors LLC now owns 559,324 shares of the credit services provider’s stock worth $47,738,000 after purchasing an additional 5,561 shares during the last quarter. Truvestments Capital LLC boosted its position in shares of PayPal by 3.9% during the fourth quarter. Truvestments Capital LLC now owns 8,841 shares of the credit services provider’s stock valued at $755,000 after buying an additional 328 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in PayPal by 12.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 28,738 shares of the credit services provider’s stock worth $2,453,000 after buying an additional 3,070 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in PayPal by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 484,724 shares of the credit services provider’s stock valued at $41,371,000 after buying an additional 3,412 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PYPL. Robert W. Baird cut their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Macquarie upped their price objective on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a report on Friday, December 13th. Finally, BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $90.03.

PayPal Stock Up 3.0 %

Shares of NASDAQ PYPL opened at $68.95 on Friday. The firm has a market capitalization of $68.21 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.27 and a beta of 1.52. The business has a 50-day moving average of $79.96 and a 200-day moving average of $80.94. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (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 business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the company earned $1.48 EPS. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by 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.