PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 157,818 shares of the credit services provider's stock after purchasing an additional 10,742 shares during the quarter. QRG Capital Management Inc.'s holdings in PayPal were worth $10,298,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. J. Goldman & Co LP raised its holdings 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 worth $22,304,000 after purchasing an additional 27,812 shares during the period. Nikko Asset Management Americas Inc. raised its holdings in shares of 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 last quarter. ExodusPoint Capital Management LP raised its holdings in shares of 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 last quarter. StoneX Group Inc. raised its holdings 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 acquired a new position in shares of PayPal during the fourth quarter valued at approximately $581,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Trading Up 2.0%

PYPL opened at $72.26 on Tuesday. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The business has a fifty day simple moving average of $68.44 and a 200-day simple moving average of $75.57. The firm has a market cap of $70.28 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.27 and a beta of 1.45. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $7.84 billion. During the same period last year, the business posted $1.08 earnings per share. The company's quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling at PayPal

In related news, EVP Diego Scotti sold 3,839 shares of the company'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 $281,168.36. Following the sale, the executive vice president now directly owns 16,989 shares in the company, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock valued at $863,028 in the last quarter. Corporate insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PYPL. Piper Sandler reduced their target price on PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. UBS Group reduced their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Arete Research set a $81.00 target price on PayPal in a report on Thursday, March 27th. Canaccord Genuity Group reissued a "buy" rating and set a $96.00 target price on shares of PayPal in a report on Wednesday, April 30th. Finally, Wells Fargo & Company dropped their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has a consensus rating of "Hold" and a consensus price target of $83.29.

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.

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