Ardsley Advisory Partners LP Buys 52,000 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Ardsley Advisory Partners LP raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 236.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,000 shares of the credit services provider’s stock after buying an additional 52,000 shares during the quarter. Ardsley Advisory Partners LP’s holdings in PayPal were worth $6,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its holdings in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Hurley Capital LLC acquired a new position in shares of PayPal in the 4th quarter valued at $27,000. Sugarloaf Wealth Management LLC increased its position in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares in the last quarter. Modus Advisors LLC acquired a new stake in PayPal during the 4th quarter worth $37,000. Finally, Bernard Wealth Management Corp. bought a new position in PayPal during the fourth quarter worth about $37,000. Institutional investors own 68.32% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler dropped their price target on PayPal from $76.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday. Barclays cut their price target on shares of PayPal from $110.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Compass Point started coverage on shares of PayPal in a research report on Wednesday, April 23rd. They set a “sell” rating and a $56.00 price objective for the company. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $83.77.

PayPal Stock Up 2.8 %

Shares of PYPL opened at $67.24 on Friday. The firm has a market cap of $65.72 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The firm’s 50-day simple moving average is $65.75 and its 200 day simple moving average is $78.11.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 earnings per share. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share 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.