Ardmore Road Asset Management LP Has $19.63 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ardmore Road Asset Management LP lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 54.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,000 shares of the credit services provider's stock after selling 271,151 shares during the period. PayPal accounts for 2.9% of Ardmore Road Asset Management LP's portfolio, making the stock its 12th largest holding. Ardmore Road Asset Management LP's holdings in PayPal were worth $19,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton grew its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after buying an additional 125 shares during the period. Sugarloaf Wealth Management LLC grew its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of PayPal in the 3rd quarter valued at $36,000. Finally, Modus Advisors LLC acquired a new stake in PayPal during the 4th quarter worth $37,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PYPL. Wells Fargo & Company restated an "equal weight" rating on shares of PayPal in a report on Wednesday, February 5th. Arete Research set a $81.00 price objective on PayPal in a report on Thursday, March 27th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a report on Wednesday, February 26th. Royal Bank of Canada reiterated an "outperform" rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Finally, Macquarie raised their target price on shares of PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Sixteen 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 data from MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.13.

Remove Ads

Insider Buying and Selling

In other 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 value of $176,478.90. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $5.44 during midday trading on Thursday, hitting $61.71. The stock had a trading volume of 18,465,580 shares, compared to its average volume of 11,239,442. The company's 50-day moving average price is $74.82 and its 200-day moving average price is $80.74. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $61.05 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

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