Martingale Asset Management L P Invests $459,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Martingale Asset Management L P purchased a new stake in shares of 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 5,373 shares of the credit services provider's stock, valued at approximately $459,000.

Several other large investors also recently bought and sold shares of the business. Hurley Capital LLC bought a new stake in shares of PayPal in the fourth quarter worth $27,000. Rosenberg Matthew Hamilton grew 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 valued at $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC increased its position in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of PayPal in the fourth quarter worth approximately $37,000. Finally, Modus Advisors LLC bought a new stake in PayPal during the fourth quarter valued at approximately $37,000. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PYPL has been the topic of several analyst reports. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Barclays reduced their price target on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Wells Fargo & Company restated an "equal weight" rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Friday, February 28th. Sixteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $87.03.

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PayPal Trading Down 0.4 %

Shares of NASDAQ:PYPL traded down $0.27 during trading on Tuesday, reaching $62.00. 9,126,174 shares of the company were exchanged, compared to its average volume of 11,467,284. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $61.33 billion, a PE ratio of 15.46, a P/E/G ratio of 1.27 and a beta of 1.60. The business's fifty day simple moving average is $69.54 and its 200-day simple moving average is $79.65. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share 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 business had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. During the same period in the prior year, the business earned $1.48 EPS. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company's stock.

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.