Livforsakringsbolaget Skandia Omsesidigt Boosts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Livforsakringsbolaget Skandia Omsesidigt lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,280 shares of the credit services provider’s stock after buying an additional 1,094 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in PayPal were worth $2,228,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Louisiana State Employees Retirement System purchased a new stake in shares of PayPal in the 4th quarter valued at $9,267,000. Bartlett & Co. LLC raised its holdings in shares of PayPal by 8.5% in the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after buying an additional 740 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in shares of PayPal by 9.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after buying an additional 73,687 shares during the period. Sunbelt Securities Inc. raised its holdings in shares of PayPal by 4.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after buying an additional 942 shares during the period. Finally, Bellecapital International Ltd. grew its stake in PayPal by 2.0% during the 4th quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock worth $1,332,000 after purchasing an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PYPL. Evercore ISI boosted their target price on PayPal from $56.00 to $60.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Oppenheimer reissued a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of PayPal in a research note on Thursday, March 21st. Finally, Mizuho lowered their price objective on PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $70.53.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

PayPal Stock Performance

PYPL traded down $0.17 on Wednesday, hitting $63.26. 7,851,482 shares of the company traded hands, compared to its average volume of 16,725,729. The company has a 50 day moving average of $62.15 and a 200-day moving average of $59.86. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $66.59 billion, a PE ratio of 16.48, a PEG ratio of 1.44 and a beta of 1.45. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $77.94.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 EPS. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 3.93 earnings per share for the current 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.