PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Lessened by Hel Ved Capital Management Ltd

Hel Ved Capital Management Ltd lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 25.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,050 shares of the credit services provider's stock after selling 10,750 shares during the quarter. Hel Ved Capital Management Ltd's holdings in PayPal were worth $2,650,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton raised its holdings in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC raised its holdings in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of PayPal in the 3rd quarter worth approximately $36,000. Finally, Modus Advisors LLC purchased a new position in PayPal in the fourth quarter worth about $37,000. 68.32% of the stock is currently owned by institutional investors.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the 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 of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research note on Sunday. Keefe, Bruyette & Woods cut their price objective on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Bank of America upgraded shares of PayPal from a "neutral" rating to a "buy" rating and upped their target price for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Citigroup reiterated an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Finally, Needham & Company LLC restated a "hold" rating on shares of PayPal in a report on Wednesday, February 26th. Fifteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.13.

PayPal Stock Performance

PYPL traded up $0.16 during midday trading on Monday, hitting $58.53. 20,255,235 shares of the company were exchanged, compared to its average volume of 11,353,020. The company's 50 day simple moving average is $73.65 and its 200 day simple moving average is $80.63. The firm has a market capitalization of $57.90 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 1-year low of $55.65 and a 1-year high of $93.66. 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 (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping 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 return on equity of 23.67% and a net margin of 13.04%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 earnings per share. As a group, sell-side analysts predict 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.