ExodusPoint Capital Management LP Has $22.62 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

ExodusPoint Capital Management LP grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 223.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 265,048 shares of the credit services provider's stock after buying an additional 183,011 shares during the period. ExodusPoint Capital Management LP's holdings in PayPal were worth $22,622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. United Bank lifted its stake in shares of PayPal by 9.7% in the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider's stock valued at $698,000 after purchasing an additional 794 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of PayPal by 8,335.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 27,837 shares of the credit services provider's stock valued at $2,172,000 after acquiring an additional 27,507 shares during the period. Ascent Group LLC acquired a new position in shares of PayPal during the 3rd quarter valued at $201,000. HighTower Advisors LLC boosted its position in PayPal by 32.0% during the 3rd quarter. HighTower Advisors LLC now owns 481,312 shares of the credit services provider's stock worth $37,580,000 after purchasing an additional 116,600 shares during the period. Finally, Investment Management Corp of Ontario increased its holdings in PayPal by 28.7% in the 3rd quarter. Investment Management Corp of Ontario now owns 47,569 shares of the credit services provider's stock valued at $3,712,000 after purchasing an additional 10,600 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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PayPal Price Performance

Shares of PYPL stock traded down $5.44 during midday trading on Thursday, reaching $61.71. 18,465,580 shares of the company were exchanged, compared to its average volume of 11,255,639. The company has a market cap of $61.05 billion, a P/E ratio of 15.39, a PEG ratio of 1.27 and a beta of 1.60. 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 company's 50 day moving average price is $74.26 and its two-hundred day moving average price is $80.61.

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

Insiders Place Their Bets

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 shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PYPL. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Morgan Stanley raised their price target on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. StockNews.com lowered shares of PayPal from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and an average target price of $89.13.

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.