Quadrature Capital Ltd Has $11.30 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quadrature Capital Ltd trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 53.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 184,033 shares of the credit services provider’s stock after selling 209,101 shares during the quarter. Quadrature Capital Ltd’s holdings in PayPal were worth $11,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $749,561,000. Nordea Investment Management AB lifted its position in PayPal by 420.6% during the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock worth $190,371,000 after buying an additional 2,616,774 shares in the last quarter. FMR LLC lifted its position in PayPal by 29.5% during the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after buying an additional 1,575,930 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of PayPal by 125.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after purchasing an additional 958,130 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of PayPal by 4.5% during the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after purchasing an additional 873,181 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Trading Down 0.4 %

NASDAQ:PYPL opened at $59.88 on Tuesday. The stock’s 50 day moving average price is $64.09 and its 200 day moving average price is $62.44. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The company has a market capitalization of $62.64 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.99 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the business earned $0.86 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts forecast that PayPal Holdings, Inc. will post 4.14 EPS for the current fiscal year.

Insider Buying and Selling

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the transaction, the director now owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research analyst reports. UBS Group raised their target price on shares of PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $78.00 target price on shares of PayPal in a research note on Thursday, June 13th. JMP Securities lifted their price target on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 1st. Stephens lifted their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Finally, Monness Crespi & Hardt lifted their price objective on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, April 29th. Twenty investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, PayPal has an average rating of “Hold” and a consensus target price of $73.82.

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.