Rule One Partners LLC Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Rule One Partners LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 32,000 shares of the credit services provider's stock, valued at approximately $2,088,000. PayPal comprises about 0.8% of Rule One Partners LLC's holdings, making the stock its 9th biggest position.

A number of other large investors have also made changes to their positions in PYPL. Security National Bank of SO Dak increased its holdings in PayPal by 1.1% during the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock valued at $1,041,000 after acquiring an additional 137 shares in the last quarter. Cohen & Steers Inc. increased its holdings in PayPal by 5.1% during the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock valued at $257,000 after acquiring an additional 145 shares in the last quarter. Redwood Financial Network Corp increased its holdings in PayPal by 4.8% during the 4th quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock valued at $274,000 after acquiring an additional 147 shares in the last quarter. DMC Group LLC increased its holdings in PayPal by 2.0% during the 1st quarter. DMC Group LLC now owns 7,948 shares of the credit services provider's stock valued at $519,000 after acquiring an additional 155 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC increased its holdings in PayPal by 4.5% during the 1st quarter. Bryn Mawr Capital Management LLC now owns 3,590 shares of the credit services provider's stock valued at $234,000 after acquiring an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

In other PayPal news, 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 completion of the sale, the insider owned 48,483 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the sale, the director directly owned 13,976 shares of the company's stock, valued at $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PYPL shares. Arete Research set a $81.00 price target on shares of PayPal in a report on Thursday, March 27th. Bank of America lowered their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Evercore ISI started coverage on shares of PayPal in a report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price target for the company. Compass Point started coverage on shares of PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target for the company. Finally, Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $83.13.

PayPal Stock Performance

Shares of PYPL traded up $0.31 during midday trading on Friday, hitting $74.17. 9,003,130 shares of the 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 firm has a market capitalization of $72.13 billion, a PE 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 quick ratio of 1.30 and a current ratio of 1.30. The business's 50 day moving average price is $72.75 and its two-hundred day moving average price is $73.22.

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

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.