Duality Advisers LP Grows Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Duality Advisers LP boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 865.9% in the 4th quarter, Holdings Channel reports. The fund owned 34,192 shares of the credit services provider’s stock after purchasing an additional 30,652 shares during the period. Duality Advisers LP’s holdings in PayPal were worth $2,100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. International Assets Investment Management LLC grew its position in shares of PayPal by 4.3% during the 3rd quarter. International Assets Investment Management LLC now owns 9,643 shares of the credit services provider’s stock valued at $553,000 after buying an additional 396 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of PayPal by 32.5% during the 3rd quarter. Ritholtz Wealth Management now owns 4,603 shares of the credit services provider’s stock valued at $269,000 after buying an additional 1,130 shares during the last quarter. Impact Partnership Wealth LLC grew its position in PayPal by 90.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 2,662 shares of the credit services provider’s stock worth $156,000 after purchasing an additional 1,267 shares during the last quarter. Bellecapital International Ltd. grew its position in PayPal by 1.6% in the 3rd quarter. Bellecapital International Ltd. now owns 21,252 shares of the credit services provider’s stock worth $1,242,000 after purchasing an additional 337 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in PayPal by 1.6% in the 3rd quarter. Avior Wealth Management LLC now owns 13,406 shares of the credit services provider’s stock worth $784,000 after purchasing an additional 205 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on PYPL shares. Canaccord Genuity Group decreased their target price on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Citigroup decreased their target price on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Wedbush reiterated an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a report on Thursday, February 8th. DZ Bank lowered shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a research note on Friday, February 9th. Finally, Susquehanna increased their price target on PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.47.

PayPal Stock Up 1.4 %

Shares of PYPL stock opened at $63.19 on Tuesday. The stock’s 50 day simple moving average is $62.40 and its 200 day simple moving average is $60.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a market capitalization of $66.52 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.38 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $1.01 EPS. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.04 EPS for the current year.

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.