PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Long Focus Capital Management LLC

Long Focus Capital Management LLC lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 780,000 shares of the credit services provider's stock after selling 40,000 shares during the quarter. PayPal makes up 2.2% of Long Focus Capital Management LLC's holdings, making the stock its 11th biggest position. Long Focus Capital Management LLC owned about 0.08% of PayPal worth $66,573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in PayPal in the 4th quarter valued at $1,086,508,000. Capital Research Global Investors lifted its holdings in PayPal by 108.2% during the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares in the last quarter. Artisan Partners Limited Partnership grew its position in shares of PayPal by 284.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after purchasing an additional 5,772,198 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of PayPal by 174.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock worth $361,316,000 after purchasing an additional 2,689,162 shares in the last quarter. Finally, FMR LLC raised its position in shares of PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after purchasing an additional 2,161,582 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Buying and Selling at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PYPL has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Finally, Seaport Res Ptn cut shares of PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $85.88.

PayPal Trading Up 3.7 %

NASDAQ:PYPL traded up $2.31 on Thursday, reaching $64.77. 10,866,397 shares of the company's stock were exchanged, compared to its average volume of 11,468,784. The business has a fifty day moving average of $67.03 and a 200-day moving average of $78.72. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The firm has a market capitalization of $64.07 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

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, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm's quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.