PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 87.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,800 shares of the credit services provider’s stock after buying an additional 62,600 shares during the period. PayPal comprises about 2.3% of Nan Fung Trinity HK Ltd.’s holdings, making the stock its 15th largest position. Nan Fung Trinity HK Ltd.’s holdings in PayPal were worth $11,420,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Foundations Investment Advisors LLC boosted its holdings in shares of PayPal by 11.0% during the third quarter. Foundations Investment Advisors LLC now owns 4,243 shares of the credit services provider’s stock worth $331,000 after purchasing an additional 421 shares during the last quarter. International Assets Investment Management LLC increased its position in PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after purchasing an additional 1,108,030 shares in the last quarter. Ballentine Partners LLC raised its holdings in PayPal by 19.5% in the third quarter. Ballentine Partners LLC now owns 14,237 shares of the credit services provider’s stock valued at $1,111,000 after buying an additional 2,320 shares during the period. Mediolanum International Funds Ltd raised its stake in shares of PayPal by 4.1% in the 3rd quarter. Mediolanum International Funds Ltd now owns 27,621 shares of the credit services provider’s stock valued at $2,148,000 after acquiring an additional 1,092 shares during the period. Finally, Joel Isaacson & Co. LLC increased its holdings in PayPal by 23.4% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 7,899 shares of the credit services provider’s stock valued at $616,000 after purchasing an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on PYPL shares. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Keefe, Bruyette & Woods boosted their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. The Goldman Sachs Group upped their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Finally, Canaccord Genuity Group upped their target price on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.52.

PayPal Stock Down 3.5 %

Shares of NASDAQ:PYPL opened at $74.95 on Friday. The company’s fifty day moving average is $85.18 and its two-hundred day moving average is $80.75. 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 Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The stock has a market capitalization of $74.14 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44.

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

About PayPal

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.