Highbridge Capital Management LLC Has $4.10 Million Stake in Paypal Holdings Inc (NASDAQ:PYPL)

Highbridge Capital Management LLC increased its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 53.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,766 shares of the credit services provider’s stock after purchasing an additional 16,898 shares during the period. Highbridge Capital Management LLC’s holdings in Paypal were worth $4,101,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PYPL. Truehand Inc bought a new position in Paypal during the fourth quarter valued at approximately $25,000. Bruderman Asset Management LLC bought a new position in Paypal during the fourth quarter valued at approximately $27,000. Karp Capital Management Corp bought a new position in Paypal during the fourth quarter valued at approximately $37,000. Virtus ETF Advisers LLC grew its position in Paypal by 33.7% during the fourth quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock valued at $38,000 after acquiring an additional 113 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC grew its position in Paypal by 116.0% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 486 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 261 shares during the last quarter. Institutional investors own 81.34% of the company’s stock.

PYPL stock traded down $1.45 on Friday, reaching $107.36. The company’s stock had a trading volume of 10,220,713 shares, compared to its average volume of 6,312,107. Paypal Holdings Inc has a 12-month low of $70.22 and a 12-month high of $109.00. The firm has a market capitalization of $125.85 billion, a price-to-earnings ratio of 59.98, a PEG ratio of 2.81 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.23 billion. During the same quarter last year, the firm posted $0.55 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. As a group, research analysts predict that Paypal Holdings Inc will post 2.15 EPS for the current year.

A number of analysts have recently weighed in on PYPL shares. Guggenheim lowered Paypal from a “buy” rating to a “neutral” rating and set a $90.82 price objective for the company. in a research note on Wednesday, February 6th. Zacks Investment Research raised Paypal from a “sell” rating to a “hold” rating in a research note on Monday, January 14th. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 7th. BTIG Research increased their price objective on Paypal to $114.00 and gave the company a “buy” rating in a research note on Tuesday, February 19th. Finally, Barclays reissued an “overweight” rating and set a $115.00 price objective (up previously from $110.00) on shares of Paypal in a research note on Monday, January 7th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $101.63.

In other Paypal news, EVP Adele Louise Pentland sold 74,021 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $97.08, for a total value of $7,185,958.68. Following the completion of the transaction, the executive vice president now owns 162,735 shares in the company, valued at $15,798,313.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $91.49, for a total value of $2,744,700.00. Following the completion of the transaction, the insider now owns 304,826 shares of the company’s stock, valued at approximately $27,888,530.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 280,295 shares of company stock valued at $26,469,952. 0.20% of the stock is owned by corporate insiders.

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About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Read More: Intrinsic Value

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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