Stevens Capital Management LP Buys Shares of 8,882 PayPal Holdings, Inc. (NASDAQ:PYPL)

Stevens Capital Management LP purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,882 shares of the credit services provider’s stock, valued at approximately $545,000.

Other large investors have also recently made changes to their positions in the company. Ritholtz Wealth Management boosted its holdings in PayPal by 32.5% in the third quarter. Ritholtz Wealth Management now owns 4,603 shares of the credit services provider’s stock valued at $269,000 after acquiring an additional 1,130 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of PayPal by 1.6% during the 3rd quarter. Avior Wealth Management LLC now owns 13,406 shares of the credit services provider’s stock valued at $784,000 after buying an additional 205 shares in the last quarter. Founders Financial Securities LLC grew its holdings in shares of PayPal by 9.3% during the third quarter. Founders Financial Securities LLC now owns 6,541 shares of the credit services provider’s stock valued at $382,000 after buying an additional 557 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of PayPal by 5.8% during the third quarter. Exchange Traded Concepts LLC now owns 34,379 shares of the credit services provider’s stock valued at $2,010,000 after purchasing an additional 1,885 shares in the last quarter. Finally, Caprock Group LLC raised its holdings in shares of PayPal by 14.1% during the third quarter. Caprock Group LLC now owns 17,262 shares of the credit services provider’s stock valued at $1,009,000 after purchasing an additional 2,132 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PYPL. Susquehanna increased their price objective on shares of PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. William Blair restated an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. BMO Capital Markets reduced their target price on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a report on Thursday, February 8th. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 target price on shares of PayPal in a report on Thursday, March 21st. Finally, Wells Fargo & Company boosted their target price on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $70.47.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

NASDAQ PYPL traded down $0.74 during mid-day trading on Thursday, reaching $64.10. 11,694,753 shares of the stock were exchanged, compared to its average volume of 16,248,546. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market capitalization of $67.47 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.20 and a beta of 1.45. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The business’s 50 day moving average is $62.65 and its 200-day moving average is $60.08.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $1.01 earnings per share. PayPal’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.02 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.