Aigen Investment Management LP Acquires New Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Aigen Investment Management LP has made a new investment of approximately $452,000 in PayPal, acquiring 6,925 shares during the first quarter.
• PayPal's stock recently traded up to $70.63 with a market cap of $67.48 billion and has a one-year trading range between $55.85 and $93.66.
• Insider selling has been noted, with executives disposing of over 22,736 shares totaling around $1.62 million in the last three months.

Aigen Investment Management LP bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,925 shares of the credit services provider's stock, valued at approximately $452,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PYPL. Cooper Financial Group raised its position in shares of PayPal by 14.1% during the first quarter. Cooper Financial Group now owns 25,247 shares of the credit services provider's stock worth $1,647,000 after purchasing an additional 3,128 shares during the period. Virtu Financial LLC raised its position in shares of PayPal by 114.0% during the first quarter. Virtu Financial LLC now owns 57,129 shares of the credit services provider's stock worth $3,728,000 after purchasing an additional 30,432 shares during the period. Invesco Ltd. raised its position in shares of PayPal by 14.9% during the first quarter. Invesco Ltd. now owns 9,516,070 shares of the credit services provider's stock worth $620,924,000 after purchasing an additional 1,232,155 shares during the period. Pandora Wealth Inc. acquired a new stake in shares of PayPal during the first quarter worth about $198,000. Finally, Fiduciary Family Office LLC acquired a new stake in shares of PayPal during the first quarter worth about $810,000. Institutional investors own 68.32% of the company's stock.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,838 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total transaction of $265,282.56. Following the completion of the sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The disclosure for this sale can be found here. Insiders have sold 22,736 shares of company stock valued at $1,620,835 in the last ninety days. Corporate insiders own 0.08% of the company's stock.

PayPal Price Performance

PYPL traded down $1.25 during midday trading on Thursday, reaching $69.38. 10,669,716 shares of the company's stock were exchanged, compared to its average volume of 11,248,353. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market capitalization of $66.28 billion, a PE ratio of 14.82, a P/E/G ratio of 1.05 and a beta of 1.42. The business's 50-day moving average price is $72.70 and its 200 day moving average price is $71.21. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same period in the previous year, the firm posted $1.19 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JMP Securities dropped their price target on PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 30th. Macquarie reissued an "outperform" rating and issued a $95.00 target price on shares of PayPal in a research report on Wednesday, July 30th. Wells Fargo & Company dropped their target price on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird raised their price target on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Barclays restated an "overweight" rating on shares of PayPal in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, PayPal presently has a consensus rating of "Hold" and an average price target of $85.00.

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.