J. Goldman & Co LP Grows Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

J. Goldman & Co LP raised its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 261,322 shares of the credit services provider's stock after purchasing an additional 27,812 shares during the period. J. Goldman & Co LP's holdings in PayPal were worth $22,304,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Hurley Capital LLC bought a new position in PayPal during the 4th quarter valued at approximately $27,000. Rosenberg Matthew Hamilton increased its position in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 272 shares during the period. Bernard Wealth Management Corp. purchased a new position in shares of PayPal during the 4th quarter valued at approximately $37,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of PayPal during the fourth quarter worth approximately $39,000. Institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on PYPL shares. Keefe, Bruyette & Woods reduced their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Bank of America cut their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley raised their price target on shares of PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Friday, February 28th. Finally, BMO Capital Markets reduced their target price on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and an average price target of $83.68.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

PayPal Trading Down 1.1%

NASDAQ:PYPL traded down $0.77 on Thursday, reaching $71.91. The stock had a trading volume of 722,984 shares, compared to its average volume of 11,221,359. The firm's fifty day moving average is $65.83 and its two-hundred day moving average is $77.54. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a market cap of $69.93 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 1.27 and a beta of 1.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL - Get Free Report) last posted 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 return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. During the same period last year, the business posted $1.08 earnings per share. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS 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.