Woodline Partners LP Purchases Shares of 60,403 PayPal Holdings, Inc. (NASDAQ:PYPL)

Woodline Partners LP bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 60,403 shares of the credit services provider's stock, valued at approximately $5,155,000.

A number of other large investors have also recently bought and sold shares of the company. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter worth approximately $27,000. Bernard Wealth Management Corp. purchased a new stake in PayPal during the fourth quarter worth $37,000. Crowley Wealth Management Inc. acquired a new position in shares of PayPal in the fourth quarter worth about $39,000. Bank of Jackson Hole Trust purchased a new stake in shares of PayPal during the 4th quarter worth about $41,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of PayPal during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Trading Up 2.3%

PYPL traded up $1.58 on Tuesday, hitting $71.43. The company had a trading volume of 5,866,550 shares, compared to its average volume of 11,436,259. The company's fifty day moving average price is $66.28 and its 200 day moving average price is $77.01. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market cap of $69.47 billion, a P/E ratio of 17.81, a PEG ratio of 1.27 and a beta of 1.51.

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

Insider Transactions at PayPal

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PYPL shares. UBS Group lowered their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird boosted their price target on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Piper Sandler dropped their target price on shares of PayPal from $76.00 to $70.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Citigroup reduced their price target on shares of PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, Royal Bank of Canada lowered their price objective on PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has given 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 target price 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.