Claret Asset Management Corp Sells 8,821 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Claret Asset Management Corp reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 102,790 shares of the credit services provider's stock after selling 8,821 shares during the quarter. PayPal makes up 1.4% of Claret Asset Management Corp's portfolio, making the stock its 21st biggest position. Claret Asset Management Corp's holdings in PayPal were worth $8,773,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of PayPal by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,520,798 shares of the credit services provider's stock valued at $300,515,000 after buying an additional 252,540 shares during the last quarter. First Trust Advisors LP boosted its position in PayPal by 10.1% during the 4th quarter. First Trust Advisors LP now owns 4,276,383 shares of the credit services provider's stock worth $364,989,000 after acquiring an additional 393,974 shares during the period. Forum Financial Management LP increased its holdings in shares of PayPal by 154.6% during the fourth quarter. Forum Financial Management LP now owns 14,512 shares of the credit services provider's stock valued at $1,239,000 after purchasing an additional 8,813 shares during the period. Front Street Capital Management Inc. lifted its holdings in PayPal by 6.1% in the fourth quarter. Front Street Capital Management Inc. now owns 8,456 shares of the credit services provider's stock worth $725,000 after purchasing an additional 485 shares during the period. Finally, GeoWealth Management LLC grew its position in PayPal by 37.4% in the 4th quarter. GeoWealth Management LLC now owns 5,918 shares of the credit services provider's stock valued at $505,000 after buying an additional 1,610 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Up 2.3 %

NASDAQ PYPL traded up $1.40 during trading hours on Wednesday, reaching $62.82. 5,990,805 shares of the company's stock were exchanged, compared to its average volume of 11,436,987. The company's 50-day moving average is $67.60 and its two-hundred day moving average is $78.94. 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 one year low of $55.85 and a one year high of $93.66. The company has a market capitalization of $62.14 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

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

Insider Buying and Selling at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PYPL shares. StockNews.com cut PayPal from a "buy" rating to a "hold" rating in a research report on Wednesday. Compass Point started coverage on shares of PayPal in a report on Wednesday. They issued a "sell" rating and a $56.00 price target for the company. Arete Research set a $81.00 target price on shares of PayPal in a research note on Thursday, March 27th. Susquehanna lifted their target price 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. Finally, Robert W. Baird decreased their price objective on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.88.

About PayPal

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.