Truffle Hound Capital LLC Invests $5.12 Million in PayPal Holdings, Inc. (NASDAQ:PYPL)

Truffle Hound Capital LLC bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,000 shares of the credit services provider's stock, valued at approximately $5,121,000. PayPal makes up approximately 1.8% of Truffle Hound Capital LLC's investment portfolio, making the stock its 15th biggest position.

A number of other institutional investors also recently modified their holdings of the stock. Rosenberg Matthew Hamilton raised its holdings in 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 buying an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal in the third quarter valued at approximately $26,000. Sugarloaf Wealth Management LLC grew its holdings in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares in the last quarter. Modus Advisors LLC bought a new position in PayPal during the 4th quarter valued at $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in PayPal during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of several recent analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of PayPal in a report on Wednesday, February 5th. Keefe, Bruyette & Woods raised their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target on the stock in a report on Friday, December 13th. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research report on Friday, February 28th. Finally, BTIG Research reissued a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and an average target price of $90.03.

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PayPal Trading Up 1.3 %

Shares of NASDAQ PYPL traded up $0.92 during midday trading on Monday, hitting $71.11. 3,243,322 shares of the company traded hands, compared to its average volume of 10,892,169. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The firm has a market cap of $70.34 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.27 and a beta of 1.52. The stock has a 50-day moving average price of $78.19 and a 200 day moving average price of $80.92.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter in the previous year, the business posted $1.48 EPS. The company's quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In other PayPal 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 directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company's stock.

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.