Oxford Asset Management LLP Makes New $916,000 Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Oxford Asset Management LLP bought a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,730 shares of the credit services provider's stock, valued at approximately $916,000.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in PayPal during the fourth quarter worth about $1,086,508,000. Capital Research Global Investors boosted its stake in PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after purchasing an additional 9,313,783 shares during the period. Artisan Partners Limited Partnership grew its stake in PayPal by 284.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after acquiring an additional 5,772,198 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock worth $361,316,000 after purchasing an additional 2,689,162 shares in the last quarter. Finally, FMR LLC boosted its holdings in PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after purchasing an additional 2,161,582 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Down 0.6 %

Shares of PYPL traded down $0.41 during mid-day trading on Monday, reaching $64.93. The company had a trading volume of 14,194,203 shares, compared to its average volume of 11,457,111. 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 company has a market capitalization of $63.46 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The firm has a 50-day moving average price of $66.76 and a 200 day moving average price of $78.58. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66.

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 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 for the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred 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 owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PYPL. Compass Point initiated coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 target price on the stock. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Bank of America decreased their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. 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 report on Wednesday, February 5th. Finally, Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, sixteen have issued 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.88.

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.