Ilmarinen Mutual Pension Insurance Co Has $8.81 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ilmarinen Mutual Pension Insurance Co lifted its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 30.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,270 shares of the credit services provider’s stock after buying an additional 24,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in PayPal were worth $8,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. raised its stake in PayPal by 1.1% during the fourth quarter. Russell Investments Group Ltd. now owns 495,270 shares of the credit services provider’s stock worth $42,278,000 after acquiring an additional 5,596 shares in the last quarter. Hurley Capital LLC bought a new stake in shares of PayPal in the 4th quarter worth about $27,000. Envestnet Asset Management Inc. increased its position in shares of PayPal by 14.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,485,198 shares of the credit services provider’s stock worth $126,762,000 after purchasing an additional 189,174 shares in the last quarter. Perennial Investment Advisors LLC increased its position in shares of PayPal by 4.4% during the 4th quarter. Perennial Investment Advisors LLC now owns 8,036 shares of the credit services provider’s stock worth $686,000 after purchasing an additional 336 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in PayPal by 197.4% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 12,822 shares of the credit services provider’s stock valued at $1,094,000 after purchasing an additional 8,511 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 5.4 %

Shares of NASDAQ:PYPL opened at $58.37 on Friday. The company has a 50 day moving average price of $73.65 and a two-hundred day moving average price of $80.58. The company has a market capitalization of $57.74 billion, a PE ratio of 14.56, a PEG ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

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

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Arete Research set a $81.00 price objective on PayPal in a research note on Thursday, March 27th. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Fifteen research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.13.

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.