GF Fund Management CO. LTD. Buys New Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

GF Fund Management CO. LTD. bought a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 190,692 shares of the credit services provider’s stock, valued at approximately $16,276,000.

Other institutional investors have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in PayPal in the 4th quarter worth $25,000. Hurley Capital LLC bought a new stake in PayPal during the fourth quarter valued at about $27,000. Pinney & Scofield Inc. purchased a new stake in PayPal in the fourth quarter worth about $35,000. Bernard Wealth Management Corp. bought a new position in shares of PayPal in the fourth quarter worth about $37,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of PayPal during the 4th quarter valued at about $38,000. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PYPL. Robert W. Baird boosted their price objective on PayPal from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, April 30th. Macquarie dropped their price target on shares of PayPal from $117.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Compass Point initiated coverage on shares of PayPal in a research note on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 price objective for the company. Bank of America decreased their price objective on shares of PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of PayPal in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $83.68.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the 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 sale, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This 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 owned by insiders.

PayPal Stock Down 2.2%

Shares of NASDAQ:PYPL opened at $69.85 on Friday. The company has a market cap of $67.93 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.27 and a beta of 1.51. 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 50-day moving average price of $66.28 and a 200 day moving average price of $77.16.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company earned $1.08 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.