Mission Wealth Management LP decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,864 shares of the credit services provider’s stock after selling 261 shares during the period. Mission Wealth Management LP’s holdings in PayPal were worth $544,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in PYPL. Nordea Investment Management AB boosted its position in PayPal by 420.6% during the third quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock valued at $190,371,000 after purchasing an additional 2,616,774 shares in the last quarter. FMR LLC grew its position in shares of PayPal by 29.5% in the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after buying an additional 1,575,930 shares during the last quarter. LSV Asset Management raised its stake in shares of PayPal by 271.6% during the 3rd quarter. LSV Asset Management now owns 1,533,300 shares of the credit services provider’s stock worth $89,637,000 after acquiring an additional 1,120,700 shares in the last quarter. Morgan Stanley lifted its position in PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after acquiring an additional 873,181 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in PayPal by 56.5% in the third quarter. Envestnet Asset Management Inc. now owns 2,395,312 shares of the credit services provider’s stock valued at $140,030,000 after acquiring an additional 864,684 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, SVP Frank Keller sold 7,686 shares of the business’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 directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Research Report on PayPal
PayPal Stock Performance
PYPL opened at $66.98 on Friday. The firm’s fifty day simple moving average is $63.56 and its two-hundred day simple moving average is $60.44. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54. The company has a market cap of $70.06 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.22 and a beta of 1.41. The company has a quick ratio of 1.29, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.
PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.03 earnings per share for the current fiscal 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.
Read More
- Five stocks we like better than PayPal
- Consumer Discretionary Stocks Explained
- Meta Stock: 3 Reasons This Stumble Is a Golden Buying Opportunity
- The How And Why of Investing in Oil Stocks
- 3 Staples Stocks to Cushion Lower Consumer Sentiment
- What Do S&P 500 Stocks Tell Investors About the Market?
- Zillow’s Earnings Dip: An Opportunity for Visionaries
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.