Machina Capital S.A.S. Purchases New Shares in PayPal Holdings, Inc. (NASDAQ:PYPL)

Machina Capital S.A.S. acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,300 shares of the credit services provider’s stock, valued at approximately $325,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sapient Capital LLC bought a new stake in shares of PayPal in the 4th quarter worth about $806,000. Louisiana State Employees Retirement System purchased a new position in shares of PayPal during the fourth quarter valued at approximately $9,267,000. Bartlett & Co. LLC grew its stake in shares of PayPal by 8.5% during the fourth 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 last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of PayPal by 9.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock worth $53,344,000 after buying an additional 73,687 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of PayPal by 4.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock worth $1,183,000 after acquiring an additional 942 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on PYPL shares. BMO Capital Markets upped their price objective on PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a research report on Wednesday, May 1st. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. JMP Securities boosted their price objective on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Daiwa Capital Markets lowered shares of PayPal from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $64.00 to $62.00 in a research report on Tuesday, February 13th. Finally, Oppenheimer reiterated a “market perform” rating on shares of PayPal in a report on Thursday, January 25th. Twenty-five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, PayPal presently has an average rating of “Hold” and an average target price of $72.73.

PayPal Trading Up 0.5 %

PYPL traded up $0.31 during trading hours on Tuesday, reaching $65.92. The company’s stock had a trading volume of 9,217,568 shares, compared to its average volume of 16,425,799. The business’s 50-day moving average is $63.82 and its 200-day moving average is $60.63. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $68.96 billion, a PE ratio of 16.67, a P/E/G ratio of 1.18 and a beta of 1.41. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share 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 analysts’ expectations of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $0.86 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal 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.