Stablepoint Partners LLC Increases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Stablepoint Partners LLC increased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,560 shares of the credit services provider’s stock after acquiring an additional 671 shares during the quarter. Stablepoint Partners LLC’s holdings in PayPal were worth $1,211,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. J. Goldman & Co LP boosted its holdings in PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider’s stock valued at $22,304,000 after purchasing an additional 27,812 shares during the period. Nikko Asset Management Americas Inc. raised its position in shares of PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock worth $59,489,000 after buying an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP boosted its stake in PayPal by 223.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider’s stock valued at $22,622,000 after buying an additional 183,011 shares during the period. StoneX Group Inc. grew its position in PayPal by 70.4% during the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider’s stock worth $2,326,000 after buying an additional 11,260 shares in the last quarter. Finally, Ring Mountain Capital LLC bought a new position in shares of PayPal in the fourth quarter worth approximately $581,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of recent research reports. Seaport Res Ptn downgraded PayPal from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 17th. Truist Financial assumed coverage on shares of PayPal in a research report on Monday, June 2nd. They set a “sell” rating and a $68.00 price objective on the stock. Robert W. Baird raised their target price on shares of PayPal from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. Royal Bank of Canada cut their target price on shares of PayPal from $104.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, Monness Crespi & Hardt reduced their price target on shares of PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Hold” and an average price target of $83.29.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $73.43 on Friday. The company has a 50 day moving average of $66.84 and a 200 day moving average of $76.25. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The firm has a market cap of $71.41 billion, a P/E ratio of 18.31, a PEG ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. During the same quarter in the previous year, the business earned $1.08 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 3,795 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director now owns 13,976 shares in the company, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

PayPal 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.