PayPal Holdings, Inc. $PYPL Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 3,552.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 690,696 shares of the credit services provider’s stock after purchasing an additional 671,787 shares during the quarter. Federated Hermes Inc. owned approximately 0.07% of PayPal worth $46,318,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after buying an additional 924 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of PayPal during the 4th quarter valued at about $248,000. Sivia Capital Partners LLC lifted its position in shares of PayPal by 41.5% during the second quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after purchasing an additional 1,310 shares in the last quarter. Sound Income Strategies LLC increased its stake in PayPal by 48.9% during the 2nd quarter. Sound Income Strategies LLC now owns 1,017 shares of the credit services provider’s stock worth $76,000 after buying an additional 334 shares during the period. Finally, HB Wealth Management LLC grew its stake in shares of PayPal by 2.3% during the second quarter. HB Wealth Management LLC now owns 22,308 shares of the credit services provider’s stock valued at $1,658,000 after acquiring an additional 500 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Susquehanna cut their target price on PayPal from $94.00 to $90.00 and set a “positive” rating on the stock in a research report on Thursday, January 8th. Morgan Stanley reiterated an “underweight” rating and issued a $50.00 target price on shares of PayPal in a research report on Wednesday. Argus increased their target price on shares of PayPal from $81.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Evercore ISI cut their target price on shares of PayPal from $75.00 to $65.00 and set an “in-line” rating on the stock in a report on Monday, December 8th. Finally, Sanford C. Bernstein restated a “market perform” rating on shares of PayPal in a research note on Wednesday, December 17th. Twelve equities research analysts have rated the stock with a Buy rating, twenty-four have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $73.10.

View Our Latest Research Report on PYPL

Insider Activity at PayPal

In related news, EVP Aaron Webster sold 9,282 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $66.29, for a total transaction of $615,303.78. Following the transaction, the executive vice president owned 35,699 shares in the company, valued at $2,366,486.71. This trade represents a 20.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzan Kereere sold 12,500 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $68.87, for a total value of $860,875.00. Following the sale, the insider directly owned 30,983 shares in the company, valued at approximately $2,133,799.21. The trade was a 28.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 25,944 shares of company stock valued at $1,725,233 over the last quarter. Insiders own 0.08% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $53.11 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $52.53 and a fifty-two week high of $90.93. The firm’s 50-day simple moving average is $59.19 and its 200 day simple moving average is $65.65. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.56. The stock has a market cap of $49.69 billion, a P/E ratio of 10.64, a P/E/G ratio of 0.67 and a beta of 1.42.

PayPal (NASDAQ:PYPLGet Free Report) last announced its earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.14. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The firm had revenue of $8.42 billion during the quarter, compared to analyst estimates of $8.21 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. PayPal’s revenue was up 7.3% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Profile

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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