Banco BTG Pactual S.A. Acquires Shares of 3,724 PayPal Holdings, Inc. (NASDAQ:PYPL)

Banco BTG Pactual S.A. purchased a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,724 shares of the credit services provider's stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rosenberg Matthew Hamilton increased its stake in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the third quarter valued at about $26,000. Sugarloaf Wealth Management LLC lifted its position in shares of PayPal by 344.3% in 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 during the last quarter. Modus Advisors LLC bought a new stake in shares of PayPal during the 4th quarter worth about $37,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of PayPal during the 4th quarter valued at about $39,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 29,734 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by corporate insiders.

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PayPal Stock Down 5.4 %

Shares of PYPL traded down $3.71 during midday trading on Friday, hitting $65.15. The stock had a trading volume of 16,521,449 shares, compared to its average volume of 11,225,267. The firm has a market cap of $64.45 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a 50 day simple moving average of $76.28 and a two-hundred day simple moving average of $80.82. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. 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 released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. The business's revenue was up 4.2% on a year-over-year basis. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on PYPL shares. Keefe, Bruyette & Woods lifted their target price on shares of PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. BTIG Research restated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. Piper Sandler cut their price objective on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup reaffirmed an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Sixteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has an average rating of "Moderate Buy" and a consensus target price of $90.03.

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.