Nebula Research & Development LLC Has $3.84 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Nebula Research & Development LLC boosted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 136.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,029 shares of the credit services provider's stock after buying an additional 26,021 shares during the period. PayPal comprises 0.5% of Nebula Research & Development LLC's investment portfolio, making the stock its 7th largest holding. Nebula Research & Development LLC's holdings in PayPal were worth $3,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of PayPal in the fourth quarter worth $1,086,508,000. Capital Research Global Investors grew its stake in PayPal by 108.2% in the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in shares of PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock worth $666,100,000 after purchasing an additional 5,772,198 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after buying an additional 2,689,162 shares in the last quarter. Finally, FMR LLC boosted its holdings in PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after purchasing an additional 2,161,582 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction 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 approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company's stock.

PayPal Price Performance

Shares of PYPL traded up $1.25 during mid-day trading on Tuesday, hitting $66.18. 13,454,281 shares of the company traded hands, compared to its average volume of 11,466,857. 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 stock has a market capitalization of $64.69 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 1.27 and a beta of 1.60. The business has a 50-day moving average of $66.49 and a 200 day moving average of $78.47. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 23.67% and a net margin of 13.04%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.08 EPS. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on PYPL. DZ Bank upgraded 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. BTIG Research restated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Macquarie increased their price target on PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Robert W. Baird dropped their price target on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Finally, Susquehanna upped their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $85.88.

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.