HS Management Partners LLC Buys 157,500 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

HS Management Partners LLC lifted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,299,000 shares of the credit services provider's stock after purchasing an additional 157,500 shares during the quarter. PayPal accounts for about 6.9% of HS Management Partners LLC's holdings, making the stock its 2nd largest holding. HS Management Partners LLC owned approximately 0.13% of PayPal worth $84,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after acquiring an additional 924 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of PayPal during the fourth quarter valued at approximately $248,000. Proficio Capital Partners LLC bought a new position in shares of PayPal in the 4th quarter worth approximately $216,000. Royal London Asset Management Ltd. raised its position in shares of PayPal by 1.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 723,944 shares of the credit services provider's stock worth $61,789,000 after acquiring an additional 10,277 shares in the last quarter. Finally, HUB Investment Partners LLC raised its position in shares of PayPal by 74.7% in the 4th quarter. HUB Investment Partners LLC now owns 7,657 shares of the credit services provider's stock worth $654,000 after acquiring an additional 3,275 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Up 0.4%

Shares of NASDAQ:PYPL traded up $0.31 during trading hours on Friday, hitting $74.17. 9,003,130 shares of the company's stock traded hands, compared to its average volume of 10,883,670. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The business has a fifty day moving average price of $72.75 and a 200-day moving average price of $73.22. The firm has a market capitalization of $72.13 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 1.21 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30.

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 (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.08 earnings per share. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the transaction, the insider directly owned 48,483 shares of the company's stock, valued at approximately $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director directly owned 13,976 shares in the company, 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 a total of 11,796 shares of company stock worth $863,028 over the last 90 days. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on PYPL. BMO Capital Markets cut their price target on PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. UBS Group cut their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Macquarie cut their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, Piper Sandler upgraded PayPal to a "neutral" rating and set a $74.00 target price on the stock in a research note on Tuesday, June 24th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $83.13.

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.