Guggenheim Capital LLC Cuts Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Guggenheim Capital LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 17.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 279,446 shares of the credit services provider's stock after selling 61,039 shares during the period. Guggenheim Capital LLC's holdings in PayPal were worth $23,851,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hurley Capital LLC bought a new stake in PayPal in the 4th quarter valued at $27,000. Rosenberg Matthew Hamilton raised its position in shares of PayPal by 67.6% in 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 during the period. Sugarloaf Wealth Management LLC boosted its holdings in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares during the period. Bernard Wealth Management Corp. bought a new stake in shares of PayPal during the 4th quarter worth about $37,000. Finally, Modus Advisors LLC bought a new position in PayPal in the 4th quarter valued at about $37,000. Institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday. Piper Sandler dropped their price objective on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Arete Research set a $81.00 target price on shares of PayPal in a research report on Thursday, March 27th. Monness Crespi & Hardt dropped their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reduced their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal presently has an average rating of "Moderate Buy" and a consensus price target of $86.84.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company's stock.

PayPal Trading Up 1.3 %

Shares of PayPal stock traded up $0.76 on Friday, hitting $61.00. 9,020,112 shares of the company's stock traded hands, compared to its average volume of 11,483,897. The company has a fifty day moving average of $68.22 and a two-hundred day moving average of $79.17. 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 $60.34 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

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