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

Hussman Strategic Advisors Inc. raised its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 33.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 42,000 shares of the credit services provider’s stock after buying an additional 10,500 shares during the period. Hussman Strategic Advisors Inc.’s holdings in PayPal were worth $2,817,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in PayPal during the second quarter valued at approximately $921,570,000. Artisan Partners Limited Partnership grew its stake in shares of PayPal by 1.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 11,992,031 shares of the credit services provider’s stock worth $891,248,000 after purchasing an additional 184,014 shares during the period. Invesco Ltd. grew its stake in shares of PayPal by 5.5% during the 2nd quarter. Invesco Ltd. now owns 10,038,584 shares of the credit services provider’s stock worth $746,068,000 after purchasing an additional 522,514 shares during the period. Primecap Management Co. CA increased its holdings in shares of PayPal by 9.5% during the 2nd quarter. Primecap Management Co. CA now owns 6,542,450 shares of the credit services provider’s stock valued at $486,235,000 after purchasing an additional 568,640 shares in the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in shares of PayPal by 1.6% in the 2nd quarter. Loomis Sayles & Co. L P now owns 6,522,748 shares of the credit services provider’s stock valued at $484,771,000 after purchasing an additional 103,718 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. President Capital dropped their price target on shares of PayPal from $91.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. Royal Bank Of Canada raised their target price on PayPal from $88.00 to $91.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Bank of America restated a “neutral” rating and issued a $68.00 price target (down previously from $93.00) on shares of PayPal in a research note on Thursday, December 11th. BNP Paribas Exane lowered their price target on PayPal from $71.00 to $69.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 2nd. Finally, Truist Financial set a $58.00 price objective on PayPal in a research report on Tuesday, January 20th. Twelve analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $74.87.

Read Our Latest Stock Report on PYPL

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $55.51 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.34. PayPal Holdings, Inc. has a 1 year low of $55.01 and a 1 year high of $90.93. The firm has a market capitalization of $51.94 billion, a PE ratio of 11.12, a P/E/G ratio of 0.71 and a beta of 1.42. The business’s 50 day moving average price is $59.41 and its 200-day moving average price is $65.82.

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

Insider Buying and Selling at PayPal

In other PayPal news, EVP Aaron Webster sold 9,282 shares of the 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 sale, the executive vice president owned 35,699 shares in the company, valued at approximately $2,366,486.71. This represents a 20.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $68.97, for a total value of $264,706.86. Following the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,171,731.33. This represents a 18.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 36,156 shares of company stock valued at $2,432,524. Corporate insiders own 0.08% of the company’s stock.

PayPal 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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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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