PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by TCG Advisory Services LLC

TCG Advisory Services LLC lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.2% during the fourth quarter, Holdings Channel reports. The firm owned 4,330 shares of the credit services provider’s stock after buying an additional 603 shares during the period. TCG Advisory Services LLC’s holdings in PayPal were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nordea Investment Management AB raised its position in PayPal by 420.6% in the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock valued at $190,371,000 after buying an additional 2,616,774 shares during the last quarter. FMR LLC boosted its holdings in 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 period. LSV Asset Management grew its position in PayPal by 271.6% during the third quarter. LSV Asset Management now owns 1,533,300 shares of the credit services provider’s stock worth $89,637,000 after buying an additional 1,120,700 shares in the last quarter. Morgan Stanley lifted its stake in PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after purchasing an additional 873,181 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of PayPal by 56.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,395,312 shares of the credit services provider’s stock worth $140,030,000 after purchasing an additional 864,684 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

PayPal stock traded down $0.23 during midday trading on Monday, hitting $65.47. The company’s stock had a trading volume of 3,626,370 shares, compared to its average volume of 16,414,168. The stock’s 50-day moving average price is $63.69 and its 200-day moving average price is $60.56. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $68.48 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.18 and a beta of 1.41. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54.

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). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. PayPal’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PYPL. Morgan Stanley reiterated an “equal weight” rating and issued a $66.00 price target (down from $118.00) on shares of PayPal in a report on Tuesday, January 9th. UBS Group boosted their price objective on shares of PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Argus cut PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. decreased their target price on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Twenty-five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $72.73.

About PayPal

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.