LGT Fund Management Co Ltd. Has $16.13 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

LGT Fund Management Co Ltd. increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 166.2% during the fourth quarter, Holdings Channel reports. The fund owned 189,000 shares of the credit services provider’s stock after acquiring an additional 118,000 shares during the quarter. PayPal comprises about 1.4% of LGT Fund Management Co Ltd.’s holdings, making the stock its 17th biggest holding. LGT Fund Management Co Ltd.’s holdings in PayPal were worth $16,131,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal during the 3rd quarter worth approximately $26,000. 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 valued at $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC boosted its stake in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Planning Capital Management Corp boosted its stake in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in PayPal in the 3rd quarter valued at $36,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PYPL shares. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. Macquarie increased their target price on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Citigroup reissued an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Robert W. Baird reduced their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, BTIG Research reissued 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average target price of $90.03.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal 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 sale, the director now directly owns 29,734 shares in the company, valued at approximately $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 SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Up 0.5 %

Shares of NASDAQ:PYPL opened at $71.07 on Monday. The business’s 50 day moving average is $83.61 and its 200 day moving average is $81.16. The stock has a market cap of $70.30 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.27 and a beta of 1.44. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $1.48 earnings per share. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.