Trexquant Investment LP Takes $37.31 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Trexquant Investment LP acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 437,168 shares of the credit services provider's stock, valued at approximately $37,312,000. PayPal makes up approximately 0.4% of Trexquant Investment LP's portfolio, making the stock its 16th largest holding.

A number of other hedge funds also recently bought and sold shares of PYPL. Geode Capital Management LLC increased its holdings in shares of PayPal by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after purchasing an additional 271,836 shares during the last quarter. StoneX Group Inc. increased its stake in shares of PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after acquiring an additional 11,260 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of PayPal by 43.2% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 77,971 shares of the credit services provider's stock worth $6,653,000 after acquiring an additional 23,507 shares during the period. Summit Financial LLC boosted its position in shares of PayPal by 16.5% during the 4th quarter. Summit Financial LLC now owns 10,532 shares of the credit services provider's stock valued at $899,000 after acquiring an additional 1,494 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in shares of PayPal by 90.4% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 80,084 shares of the credit services provider's stock valued at $6,835,000 after purchasing an additional 38,021 shares during the period. Institutional investors and hedge funds own 68.32% of the company's stock.

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PayPal Price Performance

NASDAQ PYPL traded up $0.85 during trading hours on Tuesday, reaching $66.10. The company's stock had a trading volume of 7,997,855 shares, compared to its average volume of 11,219,273. 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 stock has a market cap of $65.39 billion, a PE ratio of 16.48, a PEG ratio of 1.27 and a beta of 1.52. The company's 50-day moving average is $75.28 and its two-hundred day moving average is $80.83. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PYPL shares. Keefe, Bruyette & Woods reduced their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday. StockNews.com cut PayPal from a "buy" rating to a "hold" rating in a report on Saturday. Susquehanna raised their target price on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. Royal Bank of Canada restated an "outperform" rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Finally, Wolfe Research raised PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price for the company in a research report on Friday, December 13th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and an average target price of $89.40.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's 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 transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company's stock.

About PayPal

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.