Powszechne Towarzystwo Emerytalne Allianz Polska S.A. Acquires Shares of 36,075 PayPal Holdings, Inc. (NASDAQ:PYPL)

Powszechne Towarzystwo Emerytalne Allianz Polska S.A. bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 36,075 shares of the credit services provider’s stock, valued at approximately $3,079,000. PayPal accounts for 2.4% of Powszechne Towarzystwo Emerytalne Allianz Polska S.A.’s investment portfolio, making the stock its 10th biggest holding.

Several other hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its stake in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal in the third quarter worth approximately $26,000. Sugarloaf Wealth Management LLC grew its holdings in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. Modus Advisors LLC bought a new stake in shares of PayPal during the fourth quarter valued at approximately $37,000. Finally, Crowley Wealth Management Inc. bought a new position in PayPal in the 4th quarter valued at approximately $39,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Down 1.6 %

Shares of PayPal stock opened at $68.86 on Friday. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $68.12 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.27 and a beta of 1.52. The stock’s 50 day simple moving average is $76.81 and its 200-day simple moving average is $80.76.

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

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated 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 $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Susquehanna boosted their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Morgan Stanley raised their price target on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

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.