Trexquant Investment LP Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

Trexquant Investment LP acquired a new stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 437,168 shares of the credit services provider’s stock, valued at approximately $37,312,000. PayPal accounts for approximately 0.4% of Trexquant Investment LP’s holdings, making the stock its 16th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in PYPL. Geode Capital Management LLC increased its stake in PayPal by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock worth $1,849,884,000 after acquiring an additional 271,836 shares during the last quarter. StoneX Group Inc. grew its holdings in shares of PayPal by 70.4% during the 4th 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 period. B. Metzler seel. Sohn & Co. AG increased its position in PayPal by 43.2% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 77,971 shares of the credit services provider’s stock worth $6,653,000 after purchasing an additional 23,507 shares in the last quarter. Summit Financial LLC raised its holdings in PayPal by 16.5% in the fourth quarter. Summit Financial LLC now owns 10,532 shares of the credit services provider’s stock valued at $899,000 after buying an additional 1,494 shares during the period. Finally, Edmond DE Rothschild Holding S.A. lifted its position in PayPal by 90.4% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 80,084 shares of the credit services provider’s stock valued at $6,835,000 after buying an additional 38,021 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction on Thursday, February 27th. The stock was 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 of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PayPal Price Performance

Shares of PYPL opened at $65.25 on Tuesday. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. 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 stock has a fifty day moving average price of $75.75 and a 200 day moving average price of $80.86. The company has a market cap of $64.55 billion, a P/E ratio of 16.27, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 earnings per share. On average, research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PYPL. Susquehanna increased their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Citigroup reissued an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods lowered their target price on PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Friday, February 28th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Sixteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.40.

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.