PayPal Holdings, Inc. $PYPL Shares Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. lifted its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 33.3% during the 3rd quarter, Holdings Channel reports. The fund owned 42,000 shares of the credit services provider’s stock after buying an additional 10,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in PayPal were worth $2,817,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Hilltop National Bank purchased a new position in PayPal during the second quarter worth about $27,000. MUFG Securities EMEA plc raised its position in shares of PayPal by 100.4% during the 2nd quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock valued at $29,000 after buying an additional 87,524 shares during the period. True Wealth Design LLC raised its position in shares of PayPal by 285.3% during the 3rd quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock valued at $35,000 after buying an additional 388 shares during the period. VSM Wealth Advisory LLC acquired a new position in PayPal in the second quarter valued at approximately $36,000. Finally, Dagco Inc. grew its position in PayPal by 1,250.0% in the third quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 1.9%

NASDAQ PYPL opened at $55.51 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a market cap of $51.94 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 0.71 and a beta of 1.42. The firm has a 50 day simple moving average of $59.41 and a 200-day simple moving average of $65.82. PayPal Holdings, Inc. has a one year low of $55.01 and a one year high of $90.93.

PayPal (NASDAQ:PYPLGet Free Report) last released its earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. The company had revenue of $8.42 billion for the quarter, compared to analyst estimates of $8.21 billion. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $59.84, for a total value of $249,054.08. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at $1,854,022.72. This trade represents a 11.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Aaron Webster sold 9,282 shares of PayPal stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $66.29, for a total value of $615,303.78. Following the completion of the transaction, the executive vice president owned 35,699 shares of the company’s stock, valued at $2,366,486.71. The trade was a 20.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 36,156 shares of company stock valued at $2,432,524 in the last three months. 0.08% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on PYPL. KeyCorp restated a “hold” rating on shares of PayPal in a research report on Wednesday, October 22nd. Citigroup reduced their price objective on shares of PayPal from $78.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, January 5th. Truist Financial set a $58.00 target price on shares of PayPal in a research report on Tuesday, January 20th. Daiwa Capital Markets cut shares of PayPal from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $77.00 to $61.00 in a research report on Tuesday, January 13th. Finally, Macquarie upped their price objective on shares of PayPal from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Twelve investment analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.87.

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PayPal Company Profile

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

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Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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