Ardsley Advisory Partners LP Purchases 52,000 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Ardsley Advisory Partners LP raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 236.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,000 shares of the credit services provider's stock after acquiring an additional 52,000 shares during the quarter. Ardsley Advisory Partners LP's holdings in PayPal were worth $6,316,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Place Capital Corp grew its stake in shares of PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after buying an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares during the last quarter. Wynn Capital LLC raised its holdings in shares of PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after purchasing an additional 130 shares during the period. Finally, Avalon Trust Co lifted its stake in PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after purchasing an additional 135 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction 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 approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent analyst reports. Seaport Res Ptn downgraded PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. UBS Group dropped their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday. Piper Sandler reduced their price objective on shares of PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Royal Bank of Canada decreased their price objective on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.77.

PayPal Price Performance

PayPal stock traded up $1.83 during midday trading on Friday, reaching $67.24. The company's stock had a trading volume of 10,076,664 shares, compared to its average volume of 11,259,060. 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 stock has a market cap of $65.39 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The business has a 50-day moving average price of $65.75 and a 200-day moving average price of $78.08.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same period in the previous year, the firm posted $1.08 EPS. The firm's revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.