Two Sigma Advisers LP Boosts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Two Sigma Advisers LP increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 812,900 shares of the credit services provider's stock after purchasing an additional 97,600 shares during the quarter. Two Sigma Advisers LP owned approximately 0.08% of PayPal worth $69,381,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PYPL. Hurley Capital LLC bought a new stake in PayPal during the 4th quarter valued at $27,000. Bernard Wealth Management Corp. bought a new stake in PayPal during the 4th quarter valued at $37,000. Crowley Wealth Management Inc. bought a new stake in PayPal during the 4th quarter valued at $39,000. Bank of Jackson Hole Trust bought a new stake in PayPal during the 4th quarter valued at $41,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in PayPal during the 4th quarter valued at $43,000. Institutional investors own 68.32% of the company's stock.

PayPal Price Performance

NASDAQ:PYPL traded down $1.60 during midday trading on Friday, hitting $69.85. The company had a trading volume of 7,678,681 shares, compared to its average volume of 11,231,322. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The stock's fifty day moving average price is $66.28 and its 200-day moving average price is $77.13. The company has a market capitalization of $67.93 billion, a PE ratio of 17.42, a P/E/G ratio of 1.27 and a beta of 1.51. 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 announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PYPL shares. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Piper Sandler lowered their target price on shares of PayPal from $76.00 to $70.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. BTIG Research reissued a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company decreased their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.68.

About PayPal

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.