Mariner LLC Has $24.32 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mariner LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 284,977 shares of the credit services provider's stock after purchasing an additional 13,535 shares during the quarter. Mariner LLC's holdings in PayPal were worth $24,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in PayPal in the fourth quarter worth about $1,086,508,000. Artisan Partners Limited Partnership lifted its position in PayPal by 284.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock worth $666,100,000 after purchasing an additional 5,772,198 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after purchasing an additional 2,689,162 shares in the last quarter. FMR LLC raised its stake in shares of PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after buying an additional 2,161,582 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of PayPal in the fourth quarter valued at $135,537,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction, the director now owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This 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 can be accessed through this link. 0.14% of the stock is owned by insiders.

PayPal Price Performance

Shares of NASDAQ PYPL traded down $1.16 during trading on Monday, reaching $59.84. The company had a trading volume of 1,441,311 shares, compared to its average volume of 11,437,873. The business's 50 day moving average price is $68.22 and its 200-day moving average price is $79.19. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $59.20 billion, a PE ratio of 14.92, a PEG ratio of 1.27 and a beta of 1.60.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PYPL shares. Keefe, Bruyette & Woods dropped their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Robert W. Baird cut their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Evercore ISI began coverage on shares of PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target on the stock. StockNews.com downgraded PayPal from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Finally, Arete Research set a $81.00 target price on PayPal in a research report on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and an average price target of $86.84.

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.