Nebula Research & Development LLC Grows Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Nebula Research & Development LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 136.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,029 shares of the credit services provider's stock after purchasing an additional 26,021 shares during the period. PayPal makes up approximately 0.5% of Nebula Research & Development LLC's portfolio, making the stock its 7th biggest holding. Nebula Research & Development LLC's holdings in PayPal were worth $3,843,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Hurley Capital LLC bought a new stake in shares of PayPal during the 4th quarter worth $27,000. Rosenberg Matthew Hamilton raised its position in PayPal by 67.6% during the fourth 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 in the last quarter. Sugarloaf Wealth Management LLC lifted its stake in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $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 4th quarter worth about $37,000. Finally, Modus Advisors LLC bought a new position in shares of PayPal during the 4th quarter valued at about $37,000. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PYPL has been the subject of several research reports. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Monness Crespi & Hardt cut their price objective on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird decreased their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Finally, Keefe, Bruyette & Woods reduced their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, PayPal has a consensus rating of "Moderate Buy" and a consensus price target of $85.88.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated 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 directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company's stock.

PayPal Stock Up 0.9 %

PYPL traded up $0.57 during midday trading on Friday, reaching $65.34. The company's stock had a trading volume of 8,679,009 shares, compared to its average volume of 11,445,893. The stock's 50-day moving average is $66.76 and its 200-day moving average is $78.59. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm has a market capitalization of $64.64 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.27 and a beta of 1.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.48 EPS. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.