Yong Rong HK Asset Management Ltd Makes New Investment in PayPal Holdings, Inc. $PYPL

Yong Rong HK Asset Management Ltd acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 478,000 shares of the credit services provider’s stock, valued at approximately $32,055,000. PayPal comprises about 9.0% of Yong Rong HK Asset Management Ltd’s holdings, making the stock its 6th largest holding.

A number of other hedge funds also recently bought and sold shares of PYPL. Brighton Jones LLC increased its stake in shares of PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after buying an additional 924 shares during the period. Revolve Wealth Partners LLC acquired a new position in PayPal in the fourth quarter valued at $248,000. Sivia Capital Partners LLC lifted its position in PayPal by 41.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after acquiring an additional 1,310 shares during the period. HB Wealth Management LLC increased its stake in PayPal by 2.3% in the 2nd quarter. HB Wealth Management LLC now owns 22,308 shares of the credit services provider’s stock valued at $1,658,000 after buying an additional 500 shares during the period. Finally, Trilogy Capital Inc. purchased a new stake in PayPal in the 2nd quarter valued at approximately $219,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $52.69 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $49.30 billion, a P/E ratio of 10.56, a P/E/G ratio of 0.66 and a beta of 1.42. The business has a 50-day moving average price of $59.03 and a two-hundred day moving average price of $65.50. PayPal Holdings, Inc. has a 1-year low of $52.06 and a 1-year high of $90.40.

PayPal (NASDAQ:PYPLGet Free Report) last released its earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.14. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The business had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.21 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. PayPal’s revenue was up 7.3% on a year-over-year basis. Equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on PayPal from $74.00 to $67.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 9th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, October 28th. Jefferies Financial Group reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, January 7th. Truist Financial set a $58.00 target price on shares of PayPal in a research note on Tuesday, January 20th. Finally, Rothschild & Co Redburn lowered PayPal from a “neutral” rating to a “sell” rating and set a $50.00 target price on the stock. in a report on Wednesday. Twelve investment analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, PayPal presently has an average rating of “Hold” and an average target price of $73.10.

Read Our Latest Report on PayPal

Insider Buying and Selling at PayPal

In related news, insider Suzan Kereere sold 12,500 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $68.87, for a total transaction of $860,875.00. Following the sale, the insider owned 30,983 shares in the company, valued at $2,133,799.21. This represents a 28.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Aaron Webster sold 9,282 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $66.29, for a total value of $615,303.78. Following the transaction, the executive vice president directly owned 35,699 shares in the company, valued at approximately $2,366,486.71. This trade represents a 20.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 25,944 shares of company stock valued at $1,725,233 over the last ninety days. Insiders own 0.08% of the company’s stock.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

PayPal Company Profile

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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