Jump Financial LLC Sells 6,477 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Jump Financial LLC cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 30.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,492 shares of the credit services provider's stock after selling 6,477 shares during the quarter. Jump Financial LLC's holdings in PayPal were worth $1,237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Anchor Investment Management LLC increased its position in PayPal by 9.9% in the 3rd quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider's stock worth $2,748,000 after purchasing an additional 3,175 shares during the last quarter. Boyar Asset Management Inc. acquired a new stake in shares of PayPal in the third quarter valued at about $208,000. World Investment Advisors LLC acquired a new position in shares of PayPal during the 3rd quarter worth about $5,296,000. Sfmg LLC acquired a new stake in PayPal in the 3rd quarter valued at approximately $234,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of PayPal by 196.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider's stock worth $798,000 after buying an additional 6,772 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of research reports. Arete Research set a $81.00 target price on PayPal in a research note on Thursday, March 27th. Susquehanna increased their price objective on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. restated an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Robert W. Baird dropped their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, Piper Sandler dropped their price objective on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.88.

Insider Activity at PayPal

In other PayPal 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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

PayPal Trading Up 2.9 %

Shares of PYPL stock traded up $1.80 during trading hours on Thursday, hitting $64.26. 4,704,770 shares of the company's stock traded hands, compared to its average volume of 11,432,375. The stock has a market cap of $63.57 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The stock's 50 day simple moving average is $67.29 and its 200 day simple moving average is $78.82. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

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 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 business 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 company's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.