Sei Investments Co. Has $54.78 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sei Investments Co. lifted its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 184.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 641,834 shares of the credit services provider’s stock after buying an additional 416,184 shares during the period. Sei Investments Co.’s holdings in PayPal were worth $54,780,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton raised its stake 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 purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in shares of 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 buying an additional 272 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in shares of PayPal in the third quarter valued at $36,000. Finally, Modus Advisors LLC acquired a new position in PayPal during the fourth quarter worth $37,000. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PYPL. Piper Sandler decreased their price objective on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Macquarie raised their price objective on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Trading Up 0.7 %

PYPL opened at $70.19 on Monday. The stock has a market capitalization of $69.43 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.27 and a beta of 1.52. 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 Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a 50-day simple moving average of $78.19 and a 200 day simple moving average of $80.92.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm 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 related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s 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 completion of the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.

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.