Dynamic Technology Lab Private Ltd Increases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Dynamic Technology Lab Private Ltd lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 197.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,822 shares of the credit services provider’s stock after buying an additional 8,511 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in PayPal were worth $1,094,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton lifted its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in PayPal during the 3rd quarter valued at approximately $36,000. Finally, Modus Advisors LLC bought a new stake in PayPal in the 4th quarter worth approximately $37,000. Institutional investors own 68.32% of the company’s stock.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

PayPal Price Performance

NASDAQ PYPL opened at $58.37 on Friday. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The firm’s fifty day simple moving average is $73.65 and its two-hundred day simple moving average is $80.58. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $57.74 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 EPS. Analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PYPL shares. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and increased their target price for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research report on Friday, December 13th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Friday, February 28th. Finally, Piper Sandler dropped their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Fifteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $89.13.

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.