PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC grew its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 79.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,025,173 shares of the credit services provider’s stock after acquiring an additional 1,341,004 shares during the period. AQR Capital Management LLC owned about 0.31% of PayPal worth $258,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of PYPL. Anchor Investment Management LLC grew its stake in shares of PayPal by 9.9% in the third quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider’s stock worth $2,748,000 after acquiring an additional 3,175 shares in the last quarter. Boyar Asset Management Inc. purchased a new stake in shares of PayPal during the 3rd quarter worth $208,000. World Investment Advisors LLC purchased a new stake in shares of PayPal during the 3rd quarter worth $5,296,000. Sfmg LLC purchased a new stake in shares of PayPal during the 3rd quarter worth $234,000. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of PayPal by 196.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider’s stock worth $798,000 after purchasing an additional 6,772 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PYPL shares. Monness Crespi & Hardt reduced their price target on shares of PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price target on shares of PayPal from $80.00 to $74.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Macquarie boosted their price target on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Seaport Res Ptn cut shares of PayPal from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 17th. Finally, BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.88.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $64.93 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The business has a 50-day moving average of $66.49 and a 200-day moving average of $78.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $63.46 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Transactions at PayPal

In other 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 completion of the sale, the director now 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.