PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Bought by Eos Management L.P.

Eos Management L.P. lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 146.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 28,824 shares of the credit services provider’s stock after purchasing an additional 17,108 shares during the period. PayPal comprises approximately 0.8% of Eos Management L.P.’s portfolio, making the stock its 27th largest holding. Eos Management L.P.’s holdings in PayPal were worth $1,881,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in PayPal in the fourth quarter valued at $1,086,508,000. Capital Research Global Investors increased its holdings in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock valued at $1,529,823,000 after acquiring an additional 9,313,783 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock worth $666,100,000 after acquiring an additional 5,772,198 shares in the last quarter. FMR LLC lifted its stake in PayPal by 12.9% during the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock worth $1,615,134,000 after purchasing an additional 2,161,582 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in PayPal by 124.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider’s stock valued at $228,206,000 after purchasing an additional 1,936,520 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the transaction, the insider owned 48,483 shares of the company’s stock, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,796 shares of company stock valued at $863,028. 0.08% of the stock is owned by company insiders.

PayPal Price Performance

Shares of PYPL opened at $71.36 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average is $72.31 and its two-hundred day moving average is $73.66. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The firm has a market capitalization of $69.40 billion, a PE ratio of 15.96, a P/E/G ratio of 1.17 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same period last year, the firm earned $1.08 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PYPL. Truist Financial started coverage on shares of PayPal in a report on Monday, June 2nd. They set a “sell” rating and a $68.00 price objective on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $88.00 target price on shares of PayPal in a research report on Thursday, June 26th. Compass Point initiated coverage on shares of PayPal in a research report on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 price target for the company. Wall Street Zen upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Finally, Arete Research set a $81.00 price objective on PayPal in a report on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $83.42.

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.