PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by Dorsey Asset Management LLC

Dorsey Asset Management LLC raised its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,301,183 shares of the credit services provider's stock after purchasing an additional 138,660 shares during the period. PayPal accounts for approximately 11.4% of Dorsey Asset Management LLC's holdings, making the stock its 5th biggest holding. Dorsey Asset Management LLC owned about 0.13% of PayPal worth $111,056,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PYPL. Relyea Zuckerberg Hanson LLC grew its holdings in PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock worth $638,000 after acquiring an additional 3,976 shares during the period. Nikko Asset Management Americas Inc. grew its stake in shares of PayPal by 2.7% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after purchasing an additional 18,172 shares during the period. ExodusPoint Capital Management LP increased its holdings in PayPal by 223.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after purchasing an additional 183,011 shares during the last quarter. StoneX Group Inc. lifted its stake in PayPal by 70.4% in the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after buying an additional 11,260 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in PayPal by 120.3% during the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider's stock worth $125,461,000 after buying an additional 849,311 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $68.05 on Wednesday. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The stock has a 50 day moving average of $65.63 and a 200-day moving average of $77.93. 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 company has a market capitalization of $66.18 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.27 and a beta of 1.51.

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

Insiders Place Their Bets

In other 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 transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PYPL shares. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Morgan Stanley upped their price objective on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Compass Point initiated coverage on PayPal in a report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target for the company. StockNews.com upgraded PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Piper Sandler reduced their price target on shares of PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.

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