Susquehanna Fundamental Investments LLC Takes $47.50 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Susquehanna Fundamental Investments LLC acquired a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 556,488 shares of the credit services provider's stock, valued at approximately $47,496,000. PayPal comprises about 0.7% of Susquehanna Fundamental Investments LLC's investment portfolio, making the stock its 5th largest holding. Susquehanna Fundamental Investments LLC owned approximately 0.06% of PayPal at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Park Place Capital Corp increased its stake in PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after acquiring an additional 116 shares during the period. Rosenberg Matthew Hamilton increased its stake 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 acquiring an additional 125 shares during the period. JFS Wealth Advisors LLC increased its stake in PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC increased its stake in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after acquiring an additional 130 shares during the period. Finally, Avalon Trust Co increased its stake in PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after acquiring an additional 135 shares during the period. Institutional investors and hedge funds own 68.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PYPL. Susquehanna raised their target price on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research report on Monday, January 6th. Bank of America cut their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Evercore ISI started coverage on PayPal in a report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective for the company. Morgan Stanley lifted their price objective on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Finally, DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $85.88.

PayPal Stock Down 0.6 %

Shares of NASDAQ:PYPL traded down $0.41 during trading on Monday, hitting $64.93. 14,194,203 shares of the company's stock traded hands, compared to its average volume of 11,457,111. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap 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 company has a 50-day moving average price of $66.76 and a 200-day moving average price of $78.58.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating 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 analysts' expectations of $8.27 billion. During the same quarter in the previous year, the business posted $1.48 EPS. PayPal's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 29,734 shares in the company, 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. Company 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.