Hardman Johnston Global Advisors LLC Buys 126,905 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Hardman Johnston Global Advisors LLC grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 46.8% in the 4th quarter, Holdings Channel reports. The firm owned 397,824 shares of the credit services provider’s stock after acquiring an additional 126,905 shares during the quarter. PayPal accounts for about 1.4% of Hardman Johnston Global Advisors LLC’s portfolio, making the stock its 27th largest holding. Hardman Johnston Global Advisors LLC’s holdings in PayPal were worth $33,954,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. FMR LLC grew its holdings 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. Mizuho Securities USA LLC grew its stake in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares during the period. Primecap Management Co. CA increased its holdings in PayPal by 21.6% in the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after purchasing an additional 1,069,356 shares in the last quarter. World Investment Advisors LLC bought a new stake in PayPal in the third quarter worth approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of PayPal by 174.1% during 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 buying an additional 2,689,162 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on PYPL shares. Monness Crespi & Hardt lifted their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. The Goldman Sachs Group lifted their price target on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Piper Sandler increased their price objective on shares of PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Barclays boosted their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.52.

PayPal Stock Down 3.5 %

Shares of PYPL opened at $74.95 on Monday. 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. The business’s 50 day simple moving average is $85.18 and its 200-day simple moving average is $80.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $8.27 billion. During the same period in the previous year, the firm posted $1.48 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.