PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Acquired by DRW Securities LLC

DRW Securities LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 91.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,936 shares of the credit services provider's stock after acquiring an additional 8,587 shares during the period. DRW Securities LLC's holdings in PayPal were worth $1,531,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Martingale Asset Management L P bought a new stake in shares of PayPal in the fourth quarter valued at approximately $459,000. APG Asset Management N.V. bought a new position in shares of PayPal in the fourth quarter worth $51,686,000. Advisory Services Network LLC grew its holdings in shares of PayPal by 2.7% during the fourth quarter. Advisory Services Network LLC now owns 96,426 shares of the credit services provider's stock worth $8,230,000 after purchasing an additional 2,550 shares in the last quarter. Nixon Capital LLC raised its stake in PayPal by 3.9% in the fourth quarter. Nixon Capital LLC now owns 343,178 shares of the credit services provider's stock valued at $30,835,000 after purchasing an additional 12,850 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in PayPal during the fourth quarter valued at approximately $37,000. Institutional investors own 68.32% of the company's stock.

PayPal Stock Down 1.0 %

Shares of PYPL traded down $0.60 during trading hours on Monday, hitting $61.99. The company had a trading volume of 3,294,758 shares, compared to its average volume of 11,454,856. The company's fifty day moving average price is $69.88 and its two-hundred day moving average price is $79.76. The company has a market capitalization of $61.32 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

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

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company'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 sale, the director now owns 29,734 shares in the company, 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 SEC, which is accessible through this link. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PYPL. Robert W. Baird dropped their price target on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Susquehanna upped their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research note on Monday, January 6th. Monness Crespi & Hardt dropped their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, BTIG Research reissued a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

PayPal Company 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.