Monaco Asset Management SAM Lowers Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Monaco Asset Management SAM reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 84.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,500 shares of the credit services provider's stock after selling 262,500 shares during the quarter. PayPal comprises approximately 0.6% of Monaco Asset Management SAM's investment portfolio, making the stock its 17th largest position. Monaco Asset Management SAM's holdings in PayPal were worth $4,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton grew 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 valued at $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC increased its stake in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Planning Capital Management Corp raised its holdings in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after acquiring an additional 268 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new position in shares of PayPal during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

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Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of analyst reports. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Citigroup reiterated an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Wells Fargo & Company reiterated an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods lifted their target price on PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a report on Wednesday, February 26th. Fourteen investment 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.03.

PayPal Stock Performance

Shares of PayPal stock traded up $2.04 on Friday, hitting $68.95. The stock had a trading volume of 9,825,998 shares, compared to its average volume of 12,263,908. The stock has a market cap of $68.21 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 1.52. 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 52-week low of $56.97 and a 52-week high of $93.66. The company's 50 day moving average price is $79.96 and its 200 day moving average price is $80.88.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

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.