ExodusPoint Capital Management LP Buys 183,011 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

ExodusPoint Capital Management LP raised its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 223.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 265,048 shares of the credit services provider’s stock after acquiring an additional 183,011 shares during the quarter. ExodusPoint Capital Management LP’s holdings in PayPal were worth $22,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal during the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC grew its position in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of PayPal in the 3rd quarter worth about $36,000. Finally, Modus Advisors LLC purchased a new position in PayPal during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Citigroup restated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Piper Sandler lowered their price objective on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th. Finally, Arete Research set a $81.00 price target on PayPal in a research report on Thursday, March 27th. Sixteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.13.

PayPal Stock Performance

Shares of PYPL opened at $67.15 on Thursday. The business has a 50-day simple moving average of $74.82 and a two-hundred day simple moving average of $80.74. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The stock has a market cap of $66.43 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the firm posted $1.48 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction 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 completion of the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.