GAMMA Investing LLC Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

GAMMA Investing LLC raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5,984.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 708,419 shares of the credit services provider's stock after purchasing an additional 696,775 shares during the period. GAMMA Investing LLC owned approximately 0.07% of PayPal worth $46,224,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. J. Goldman & Co LP increased its stake 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 buying an additional 27,812 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in shares of PayPal by 2.7% in the 4th 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 during the last quarter. ExodusPoint Capital Management LP grew its holdings in shares of PayPal by 223.1% in 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 acquiring an additional 183,011 shares in the last quarter. StoneX Group Inc. increased its position in shares of PayPal by 70.4% during the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after acquiring an additional 11,260 shares during the last quarter. Finally, Ring Mountain Capital LLC purchased a new stake in shares of PayPal during the fourth quarter valued at approximately $581,000. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent analyst reports. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research note on Friday, February 28th. Keefe, Bruyette & Woods decreased their price objective on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company reduced their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Macquarie lowered their price target on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal currently has an average rating of "Hold" and an average target price of $83.29.

PayPal Price Performance

Shares of PayPal stock traded up $1.08 during trading on Friday, hitting $73.55. The stock had a trading volume of 3,530,793 shares, compared to its average volume of 11,131,020. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The firm has a market cap of $71.53 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 1.27 and a beta of 1.51. The business's 50-day moving average is $66.69 and its 200 day moving average is $76.32.

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

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.