Napean Trading & Investment Co Singapore PTE Ltd Increases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Napean Trading & Investment Co Singapore PTE Ltd increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 152.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 74,880 shares of the credit services provider’s stock after acquiring an additional 45,242 shares during the quarter. PayPal comprises approximately 1.6% of Napean Trading & Investment Co Singapore PTE Ltd’s investment portfolio, making the stock its 22nd largest holding. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in PayPal were worth $6,391,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its position in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. World Investment Advisors LLC purchased a new position in shares of PayPal in the third quarter valued at $387,435,000. Robeco Institutional Asset Management B.V. grew its stake in PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after acquiring an additional 2,689,162 shares during the period. Raymond James Financial Inc. purchased a new position in PayPal during the fourth quarter worth about $135,537,000. Finally, Contrarius Group Holdings Ltd purchased a new stake in PayPal in the fourth quarter valued at approximately $81,342,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 0.7 %

PYPL opened at $70.19 on Monday. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month 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. The business has a 50 day moving average price of $78.19 and a 200 day moving average price of $80.92. The firm has a market cap of $69.43 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company 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 business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 earnings per share. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on PYPL. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. 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. Barclays increased their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Citigroup restated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research report on Friday, December 13th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.03.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm’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 sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

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.