Migdal Insurance & Financial Holdings Ltd. Purchases 1,273 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Migdal Insurance & Financial Holdings Ltd. raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,855 shares of the credit services provider’s stock after acquiring an additional 1,273 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in PayPal were worth $1,661,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PYPL. State Street Corp raised its position in PayPal by 2.7% in the 1st quarter. State Street Corp now owns 45,423,344 shares of the credit services provider’s stock valued at $3,449,434,000 after purchasing an additional 1,202,956 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of PayPal by 1.1% in the first quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider’s stock valued at $1,586,966,000 after buying an additional 235,651 shares in the last quarter. Morgan Stanley raised its holdings in shares of PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after buying an additional 873,181 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in PayPal by 110,462.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock worth $1,220,431,000 after buying an additional 17,120,572 shares in the last quarter. Finally, Norges Bank bought a new stake in PayPal during the 4th quarter worth about $1,022,333,000. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ PYPL opened at $63.26 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $66.59 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.44 and a beta of 1.45. The business has a 50 day simple moving average of $62.15 and a 200 day simple moving average of $59.89. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $77.94.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The firm’s revenue was up 8.7% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

PYPL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price objective on shares of PayPal in a report on Thursday, March 21st. Evercore ISI lifted their target price on PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Wells Fargo & Company upped their price target on PayPal from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Finally, DZ Bank lowered PayPal from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research report on Friday, February 9th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.53.

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.