PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Versor Investments LP

Key Points

• Versor Investments LP significantly increased its ownership in PayPal by 82.8% in the first quarter, now holding $1.8 million worth of shares.
• PayPal's insider trading activity included sales from Director Deborah M. Messemer and EVP Diego Scotti, resulting in a reduction of their positions by 21.36% and 18.43% respectively.
• PayPal's earnings report for the last quarter revealed an EPS of $1.40, exceeding expectations, and the company recorded a net margin of 14.49% on revenues of $8.29 billion.

Versor Investments LP raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 82.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 27,600 shares of the credit services provider's stock after purchasing an additional 12,500 shares during the period. Versor Investments LP's holdings in PayPal were worth $1,801,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FCG Investment Co increased its position in shares of PayPal by 26.4% in the 1st quarter. FCG Investment Co now owns 18,987 shares of the credit services provider's stock worth $1,239,000 after purchasing an additional 3,968 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of PayPal by 1.7% in the 1st quarter. Raymond James Financial Inc. now owns 1,614,432 shares of the credit services provider's stock worth $105,341,000 after purchasing an additional 26,419 shares during the last quarter. Philadelphia Trust Co. increased its position in shares of PayPal by 4.3% in the 1st quarter. Philadelphia Trust Co. now owns 173,327 shares of the credit services provider's stock worth $11,310,000 after purchasing an additional 7,220 shares during the last quarter. Alliance Wealth Advisors LLC UT bought a new stake in shares of PayPal in the 1st quarter worth about $200,000. Finally, Ethic Inc. increased its position in shares of PayPal by 3.6% in the 1st quarter. Ethic Inc. now owns 87,477 shares of the credit services provider's stock worth $5,782,000 after purchasing an additional 3,014 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Insider Buying and Selling at PayPal

In other news, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction 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 transaction, the director owned 13,976 shares in the company, valued at $1,020,248. This represents a 21.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,736 shares of company stock worth $1,620,835. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $75.00 target price on shares of PayPal in a research report on Tuesday, July 29th. Piper Sandler set a $74.00 price objective on shares of PayPal in a research report on Tuesday, July 29th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Robert W. Baird boosted their price objective on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $88.00 price objective on shares of PayPal in a research report on Thursday, June 26th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, PayPal has an average rating of "Hold" and an average target price of $85.00.

PayPal Stock Down 0.2%

PYPL stock opened at $69.23 on Friday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a market cap of $66.14 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.07 and a beta of 1.42. The company has a 50 day moving average of $72.56 and a two-hundred day moving average of $70.82.

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

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