Russell Investments Group Ltd. Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Russell Investments Group Ltd. increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 495,270 shares of the credit services provider’s stock after acquiring an additional 5,596 shares during the period. Russell Investments Group Ltd. owned approximately 0.05% of PayPal worth $42,278,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PYPL. Hurley Capital LLC acquired a new stake in PayPal in the 4th quarter valued at $27,000. Envestnet Asset Management Inc. lifted its holdings in PayPal by 14.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,485,198 shares of the credit services provider’s stock valued at $126,762,000 after purchasing an additional 189,174 shares in the last quarter. Perennial Investment Advisors LLC grew its position in shares of PayPal by 4.4% in the fourth quarter. Perennial Investment Advisors LLC now owns 8,036 shares of the credit services provider’s stock valued at $686,000 after purchasing an additional 336 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of PayPal by 197.4% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 12,822 shares of the credit services provider’s stock worth $1,094,000 after purchasing an additional 8,511 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of PayPal during the 4th quarter worth about $25,326,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $58.53 on Tuesday. The business’s fifty day moving average price is $73.01 and its 200 day moving average price is $80.50. PayPal Holdings, Inc. has a 12-month low of $55.85 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. The company has a market capitalization of $57.90 billion, a PE ratio of 14.60, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at $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 SEC, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

PYPL has been the topic of several research analyst reports. Susquehanna lifted their price objective on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.13.

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.