UniSuper Management Pty Ltd Buys 3,854 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

UniSuper Management Pty Ltd grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 66,866 shares of the credit services provider’s stock after acquiring an additional 3,854 shares during the period. UniSuper Management Pty Ltd’s holdings in PayPal were worth $5,707,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Artisan Partners Limited Partnership grew its position in shares of PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock worth $666,100,000 after buying an additional 5,772,198 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in PayPal by 6.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,629,497 shares of the credit services provider’s stock worth $142,744,000 after acquiring an additional 94,953 shares during the period. Korea Investment CORP grew its holdings in PayPal by 26.7% during the 4th quarter. Korea Investment CORP now owns 862,393 shares of the credit services provider’s stock worth $73,605,000 after acquiring an additional 181,847 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in PayPal during the 4th quarter valued at about $828,000. Finally, Banco BTG Pactual S.A. bought a new stake in shares of PayPal in the 4th quarter valued at about $321,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 1.6 %

PayPal stock opened at $68.86 on Friday. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The firm has a market cap of $68.12 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The business’s 50-day moving average price is $76.81 and its 200 day moving average price is $80.76. 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 data 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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the company earned $1.48 EPS. The business’s revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling at PayPal

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

Analyst Ratings Changes

PYPL has been the topic of a number of recent research reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Piper Sandler cut their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Susquehanna upped their price objective on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Friday, February 28th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.