Eos Management L.P. Acquires 17,108 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Eos Management L.P. increased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 146.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,824 shares of the credit services provider's stock after buying an additional 17,108 shares during the quarter. PayPal accounts for approximately 0.8% of Eos Management L.P.'s holdings, making the stock its 27th biggest position. Eos Management L.P.'s holdings in PayPal were worth $1,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PYPL. J. Goldman & Co LP lifted its position in shares of PayPal by 11.9% during the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock worth $22,304,000 after purchasing an additional 27,812 shares during the last quarter. Nikko Asset Management Americas Inc. increased its stake in PayPal by 2.7% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after acquiring an additional 18,172 shares during the period. ExodusPoint Capital Management LP increased 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 acquiring an additional 183,011 shares during the period. StoneX Group Inc. increased its stake in 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 period. Finally, Proffitt & Goodson Inc. bought a new position in PayPal during the first quarter valued at about $535,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Up 2.9%

Shares of NASDAQ PYPL traded up $2.11 during mid-day trading on Monday, hitting $73.47. The company had a trading volume of 6,616,775 shares, compared to its average volume of 10,859,051. The company has a market capitalization of $71.45 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 1.17 and a beta of 1.45. The firm has a 50-day simple moving average of $72.31 and a two-hundred day simple moving average of $73.55. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. PayPal's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 EPS. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the sale, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director owned 13,976 shares of the company's stock, valued at approximately $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock worth $863,028 over the last three months. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

PYPL has been the topic of several analyst reports. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Piper Sandler upgraded PayPal to a "neutral" rating and set a $74.00 price target on the stock in a research report on Tuesday, June 24th. Bank of America decreased their price target on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Robert W. Baird upped their price objective on PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Finally, Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 price objective on shares of PayPal in a report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, PayPal has a consensus rating of "Hold" and a consensus price target of $83.42.

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.