Banco Bilbao Vizcaya Argentaria S.A. Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,718 shares of the credit services provider's stock after selling 36,610 shares during the period. PayPal accounts for 0.6% of Banco Bilbao Vizcaya Argentaria S.A.'s portfolio, making the stock its 24th largest position. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.07% of PayPal worth $58,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its position in shares of 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 in the last quarter. Hurley Capital LLC bought a new position in shares of PayPal in the 4th quarter worth about $27,000. Sugarloaf Wealth Management LLC grew its holdings in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares during the period. Modus Advisors LLC purchased a new position in shares of PayPal during the fourth quarter valued at approximately $37,000. Finally, Bernard Wealth Management Corp. bought a new position in PayPal during the 4th quarter valued at approximately $37,000. 68.32% of the stock is owned by institutional investors.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction that occurred 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 directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PYPL. JPMorgan Chase & Co. restated an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Citigroup reissued an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Seaport Res Ptn downgraded PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Barclays reduced their price target on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods dropped their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, PayPal presently has an average rating of "Moderate Buy" and an average target price of $85.88.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $62.54 on Thursday. The company has a market cap of $61.87 billion, a P/E ratio of 15.60, a P/E/G ratio of 1.27 and a beta of 1.60. The firm's fifty day moving average is $67.29 and its two-hundred day moving average is $78.82. 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.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company's revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.

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