Headlands Technologies LLC Invests $412,000 in PayPal Holdings, Inc. (NASDAQ:PYPL)

Headlands Technologies LLC purchased a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,705 shares of the credit services provider’s stock, valued at approximately $412,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Citizens Financial Group Inc. RI grew its holdings in shares of PayPal by 7.1% during the fourth quarter. Citizens Financial Group Inc. RI now owns 9,947 shares of the credit services provider’s stock worth $611,000 after buying an additional 661 shares in the last quarter. Kovack Advisors Inc. grew its holdings in PayPal by 61.9% in the fourth quarter. Kovack Advisors Inc. now owns 36,871 shares of the credit services provider’s stock valued at $2,264,000 after purchasing an additional 14,094 shares during the period. Callan Capital LLC grew its holdings in PayPal by 5.7% in the fourth quarter. Callan Capital LLC now owns 3,960 shares of the credit services provider’s stock valued at $243,000 after purchasing an additional 215 shares during the period. Bahl & Gaynor Inc. grew its holdings in PayPal by 488.4% in the fourth quarter. Bahl & Gaynor Inc. now owns 23,772 shares of the credit services provider’s stock valued at $1,460,000 after purchasing an additional 19,732 shares during the period. Finally, Jackson Hole Capital Partners LLC grew its holdings in PayPal by 13.2% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 14,807 shares of the credit services provider’s stock valued at $909,000 after purchasing an additional 1,730 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PYPL shares. Monness Crespi & Hardt lowered their target price on shares of PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Evercore ISI lifted their price target on shares of PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price target on shares of PayPal in a research report on Thursday, March 21st. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Finally, BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. Twenty-three research 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, PayPal currently has an average rating of “Hold” and a consensus price target of $70.47.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.

PayPal Price Performance

NASDAQ PYPL traded up $1.86 on Friday, reaching $65.96. The company’s stock had a trading volume of 14,190,444 shares, compared to its average volume of 9,031,016. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $69.43 billion, a PE ratio of 17.18, a PEG ratio of 1.19 and a beta of 1.45. The firm’s 50 day moving average is $62.87 and its two-hundred day moving average is $60.16.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.02 EPS for the current year.

PayPal 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.