11,716 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Acquired by Eos Management L.P.

Eos Management L.P. acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,716 shares of the credit services provider’s stock, valued at approximately $1,000,000.

Several other large investors also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC lifted its position in PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after buying an additional 10,419,351 shares in the last quarter. FMR LLC increased its position in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after buying an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of PayPal in the third quarter valued at approximately $387,435,000. Robeco Institutional Asset Management B.V. lifted its position 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 purchasing an additional 2,689,162 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in PayPal during the fourth quarter worth $135,537,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated 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 directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

PayPal Stock Down 3.3 %

Shares of NASDAQ PYPL opened at $68.16 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $67.43 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The firm’s 50-day moving average is $81.40 and its 200-day moving average is $81.11. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business earned $1.48 EPS. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PYPL. Barclays raised their price target on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Robert W. Baird cut their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Piper Sandler decreased their price objective on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Susquehanna upped their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Finally, Morgan Stanley lifted their price target on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average price target of $90.03.

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.