Arrowstreet Capital Limited Partnership Has $175.77 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Arrowstreet Capital Limited Partnership lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 144.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,059,341 shares of the credit services provider's stock after buying an additional 1,217,694 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.21% of PayPal worth $175,765,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. United Bank increased its position in shares of PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider's stock valued at $698,000 after acquiring an additional 794 shares during the last quarter. Freedom Investment Management Inc. acquired a new position in shares of PayPal during the 3rd quarter worth approximately $359,000. CreativeOne Wealth LLC bought a new stake in shares of PayPal during the 3rd quarter worth approximately $582,000. Public Sector Pension Investment Board raised its stake in shares of PayPal by 4.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 48,228 shares of the credit services provider's stock worth $3,763,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. boosted its holdings in shares of PayPal by 111.8% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 3,600 shares of the credit services provider's stock valued at $281,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PYPL. Piper Sandler lowered their target price on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Wells Fargo & Company reissued an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Finally, Citigroup reiterated an "outperform" rating on shares of PayPal in a research note on Wednesday, February 5th. 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 company's stock. According to MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.13.

Insider Buying and Selling

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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Price Performance

Shares of PYPL traded down $5.37 during midday trading on Thursday, hitting $61.78. The company's stock had a trading volume of 8,354,960 shares, compared to its average volume of 11,201,695. 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 Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The stock has a market capitalization of $61.12 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company's fifty day simple moving average is $74.82 and its two-hundred day simple moving average is $80.74.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.48 earnings per share. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.