Jacobs Levy Equity Management Inc. Reduces Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

by · The Cerbat Gem

Jacobs Levy Equity Management Inc. trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 4.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,064,816 shares of the credit services provider’s stock after selling 87,656 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in PayPal were worth $176,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Relyea Zuckerberg Hanson LLC raised its holdings in PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after purchasing an additional 3,976 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its position in PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock valued at $59,489,000 after acquiring an additional 18,172 shares during the last quarter. ExodusPoint Capital Management LP lifted its position in PayPal by 223.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider’s stock valued at $22,622,000 after acquiring an additional 183,011 shares during the last quarter. StoneX Group Inc. grew its holdings in shares of PayPal by 70.4% during the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider’s stock worth $2,326,000 after purchasing an additional 11,260 shares during the last quarter. Finally, Ring Mountain Capital LLC acquired a new stake in shares of PayPal during the fourth quarter worth about $581,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

PayPal Trading Down 0.3 %

Shares of PYPL opened at $70.26 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The stock has a market cap of $68.33 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The firm has a 50 day simple moving average of $65.65 and a 200-day simple moving average of $77.70.

PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same quarter last year, the company earned $1.08 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

PYPL has been the subject of a number of research analyst reports. Seaport Res Ptn cut PayPal from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 17th. Wells Fargo & Company lowered their target price on shares of PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada reduced their price target on shares of PayPal from $104.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Arete Research set a $81.00 price objective on shares of PayPal in a research report on Thursday, March 27th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.68.

Get Our Latest Stock Analysis on PYPL

PayPal Company Profile

(Free Report)

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.

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