Tang Capital Management LLC Has $1.34 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Tang Capital Management LLC increased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 41.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,714 shares of the credit services provider's stock after purchasing an additional 4,615 shares during the quarter. Tang Capital Management LLC's holdings in PayPal were worth $1,341,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Park Place Capital Corp boosted its stake in shares of PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after buying an additional 116 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares in the last quarter. Avalon Trust Co boosted its position in PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after purchasing an additional 135 shares in the last quarter. Security National Bank of SO Dak boosted its position in PayPal by 1.1% during the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after purchasing an additional 137 shares in the last quarter. Finally, Stegent Equity Advisors Inc. boosted its position in PayPal by 3.2% during the fourth quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock worth $388,000 after purchasing an additional 142 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Bank of America decreased their target price on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Monness Crespi & Hardt decreased their target price on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler decreased their target price on PayPal from $76.00 to $70.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada decreased their target price on PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and an average price target of $83.68.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

PayPal Trading Up 0.4%

PYPL traded up $0.29 during trading on Tuesday, reaching $72.61. 8,392,025 shares of the company's stock were exchanged, compared to its average volume of 11,256,759. The company's fifty day moving average price is $66.06 and its 200-day moving average price is $77.34. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The firm has a market capitalization of $70.62 billion, a PE ratio of 18.11, a P/E/G ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The business's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.