PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 67.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 465,605 shares of the credit services provider’s stock after acquiring an additional 188,089 shares during the period. Russell Investments Group Ltd.’s holdings in PayPal were worth $28,658,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hartford Financial Management Inc. grew its stake in PayPal by 18.8% during the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after buying an additional 163 shares during the period. Pine Haven Investment Counsel Inc boosted its stake in shares of PayPal by 3.7% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after purchasing an additional 170 shares during the period. Brooks Moore & Associates Inc. boosted its stake in shares of PayPal by 1.3% in the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after purchasing an additional 180 shares during the period. Waldron Private Wealth LLC boosted its stake in shares of PayPal by 1.9% in the fourth quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after purchasing an additional 182 shares during the period. Finally, New World Advisors LLC boosted its stake in shares of PayPal by 2.9% in the fourth quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock valued at $404,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

PayPal Stock Up 1.4 %

PYPL stock opened at $67.92 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The firm’s 50-day simple moving average is $63.21 and its 200 day simple moving average is $60.35. The stock has a market cap of $71.50 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.25 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PYPL shares. Canaccord Genuity Group decreased their target price on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Morgan Stanley reiterated an “equal weight” rating and set a $66.00 price objective (down from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. Sanford C. Bernstein increased their price objective on shares of PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a research note on Thursday, April 18th. UBS Group increased their price objective on shares of PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, Evercore ISI increased their price objective on shares of PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Twenty-four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, PayPal has an average rating of “Hold” and a consensus price target of $70.72.

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.