Twin Capital Management Inc. Invests $726,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Twin Capital Management Inc. bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,123 shares of the credit services provider's stock, valued at approximately $726,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PYPL. J. Goldman & Co LP boosted its stake in PayPal by 11.9% during the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after purchasing an additional 27,812 shares during the last quarter. ExodusPoint Capital Management LP boosted its stake in shares of PayPal by 223.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock worth $22,622,000 after buying an additional 183,011 shares during the last quarter. StoneX Group Inc. boosted its stake in shares of PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after buying an additional 11,260 shares during the last quarter. Proffitt & Goodson Inc. purchased a new position in shares of PayPal in the 1st quarter worth approximately $535,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of PayPal by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider's stock worth $651,619,000 after buying an additional 1,114,858 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the sale, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director owned 13,976 shares of the company's stock, valued at approximately $1,020,248. This represents 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 three months. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of research analyst reports. Evercore ISI initiated coverage on PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price on the stock. 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. Canaccord Genuity Group restated a "buy" rating and issued a $96.00 target price on shares of PayPal in a research note on Wednesday, April 30th. Truist Financial began coverage on PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 target price on the stock. Finally, Seaport Res Ptn upgraded PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Two equities research 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $83.13.

PayPal Stock Up 0.4%

PYPL opened at $74.17 on Monday. The stock has a market cap of $72.13 billion, a PE ratio of 16.59, a P/E/G ratio of 1.22 and a beta of 1.45. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The business's fifty day simple moving average is $72.75 and its 200 day simple moving average is $73.13.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly 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. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect 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.

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.