PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Groupama Asset Managment

Groupama Asset Managment cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 49.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,096 shares of the credit services provider's stock after selling 17,468 shares during the period. Groupama Asset Managment's holdings in PayPal were worth $1,546,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Trexquant Investment LP purchased a new stake in PayPal during the 4th quarter valued at $37,312,000. Geode Capital Management LLC raised its stake in shares of PayPal by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after acquiring an additional 271,836 shares during the period. StoneX Group Inc. lifted its holdings in shares of PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after acquiring an additional 11,260 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its stake in shares of 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 during the period. Finally, Summit Financial LLC grew its holdings in PayPal by 16.5% during the 4th quarter. Summit Financial LLC now owns 10,532 shares of the credit services provider's stock valued at $899,000 after purchasing an additional 1,494 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

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

PayPal Stock Performance

Shares of PYPL traded down $5.44 during trading hours on Thursday, reaching $61.71. 18,465,580 shares of the company traded hands, compared to its average volume of 11,255,639. The stock has a market capitalization of $61.05 billion, a P/E ratio of 15.39, a P/E/G ratio of 1.27 and a beta of 1.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average price of $74.26 and a 200-day moving average price of $80.61. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66.

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

Wall Street Analysts Forecast Growth

PYPL has been the subject of several recent analyst reports. StockNews.com lowered PayPal from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Susquehanna upped their price objective on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. Barclays lifted their target price on PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. Arete Research set a $81.00 price target on shares of PayPal in a report on Thursday, March 27th. Finally, Citigroup reiterated an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Sixteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $89.13.

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.