60,403 Shares in PayPal Holdings, Inc. (NASDAQ:PYPL) Acquired by Woodline Partners LP

Woodline Partners LP purchased a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 60,403 shares of the credit services provider's stock, valued at approximately $5,155,000.

Other institutional investors have also recently made changes to their positions in the company. Hurley Capital LLC purchased a new stake in PayPal in the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. purchased a new stake in PayPal in the fourth quarter valued at approximately $37,000. Crowley Wealth Management Inc. purchased a new stake in PayPal in the fourth quarter valued at approximately $39,000. Bank of Jackson Hole Trust purchased a new stake in PayPal in the fourth quarter valued at approximately $41,000. Finally, JFS Wealth Advisors LLC raised its position in PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Compass Point assumed coverage on PayPal in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 target price on the stock. Wells Fargo & Company cut their price objective on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Piper Sandler cut their price objective on PayPal from $76.00 to $70.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. BMO Capital Markets lowered their target price on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada lowered their target price on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

PayPal Price Performance

PayPal stock traded down $0.15 during mid-day trading on Wednesday, reaching $71.33. The company had a trading volume of 2,096,129 shares, compared to its average volume of 11,185,745. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $69.37 billion, a P/E ratio of 17.79, a P/E/G ratio of 1.27 and a beta of 1.51. The stock's 50-day simple moving average is $66.32 and its 200-day simple moving average is $76.97.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same period last year, the company posted $1.08 earnings per share. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.