PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Distillate Capital Partners LLC

Distillate Capital Partners LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,047 shares of the credit services provider's stock after selling 21,759 shares during the period. PayPal makes up about 1.2% of Distillate Capital Partners LLC's holdings, making the stock its 17th largest holding. Distillate Capital Partners LLC's holdings in PayPal were worth $24,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in PYPL. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares during the period. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter valued at about $27,000. Sugarloaf Wealth Management LLC lifted its position in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares during the last quarter. Modus Advisors LLC purchased a new position in PayPal during the fourth quarter worth about $37,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of PayPal in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Price Performance

Shares of NASDAQ PYPL traded down $1.44 during trading on Wednesday, reaching $60.56. The company had a trading volume of 4,462,730 shares, compared to its average volume of 11,443,639. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The stock has a 50-day moving average price of $69.21 and a two-hundred day moving average price of $79.53. The stock has a market capitalization of $59.91 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

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PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results 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 analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm's 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 in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PYPL shares. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Morgan Stanley raised their target price on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Susquehanna raised their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Barclays cut their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday. Sixteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.84.

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.