PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Cortland Associates Inc. MO

Cortland Associates Inc. MO trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,919 shares of the credit services provider's stock after selling 9,586 shares during the period. PayPal accounts for 2.4% of Cortland Associates Inc. MO's portfolio, making the stock its 16th largest holding. Cortland Associates Inc. MO's holdings in PayPal were worth $20,904,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Relyea Zuckerberg Hanson LLC increased its holdings in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after acquiring an additional 3,976 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of PayPal in the third quarter worth about $387,435,000. United Advisor Group LLC purchased a new stake in shares of PayPal in the third quarter worth about $810,000. FCG Investment Co purchased a new position in PayPal during the 3rd quarter valued at approximately $1,079,000. Finally, Equity Investment Corp lifted its position in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock valued at $155,927,000 after purchasing an additional 67,497 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Price Performance

NASDAQ PYPL traded up $0.43 during trading hours on Thursday, reaching $89.19. The company's stock had a trading volume of 5,324,743 shares, compared to its average volume of 8,061,189. The firm has a market capitalization of $89.42 billion, a price-to-earnings ratio of 21.43, a P/E/G ratio of 1.54 and a beta of 1.44. The company's 50-day moving average is $88.04 and its two-hundred day moving average is $78.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to analysts' expectations of $7.88 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. The company's quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PYPL. Bank of America upgraded shares of PayPal from a "neutral" rating to a "buy" rating and upped their target price for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Piper Sandler raised their price objective on PayPal from $88.00 to $93.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Macquarie boosted their target price on PayPal from $95.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. Wells Fargo & Company increased their price target on PayPal from $75.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday, January 16th. Finally, Robert W. Baird lifted their price objective on shares of PayPal from $80.00 to $91.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal has an average rating of "Moderate Buy" and an average price target of $89.48.

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.