Ossiam Has $42.51 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ossiam cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 498,045 shares of the credit services provider's stock after selling 42,594 shares during the period. Ossiam owned approximately 0.05% of PayPal worth $42,508,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Hurley Capital LLC acquired a new position in shares of PayPal in the fourth quarter worth about $27,000. Rosenberg Matthew Hamilton lifted its position in shares of 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 acquiring an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its stake in 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 purchasing an additional 272 shares during the period. Bernard Wealth Management Corp. purchased a new position in PayPal during the 4th quarter worth approximately $37,000. Finally, Modus Advisors LLC acquired a new stake in PayPal during the 4th quarter valued at $37,000. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PYPL has been the subject of several recent analyst reports. Bank of America decreased their target price on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Seaport Res Ptn downgraded PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. StockNews.com downgraded shares of PayPal from a "buy" rating to a "hold" rating in a research report on Wednesday. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a report on Friday, February 28th. Finally, Monness Crespi & Hardt lowered their price target on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two research analysts have 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 company. According to MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and a consensus target price of $85.88.

PayPal Stock Up 2.3 %

Shares of NASDAQ:PYPL traded up $1.40 during trading on Wednesday, hitting $62.82. 5,990,805 shares of the company were exchanged, compared to its average volume of 11,437,021. The stock has a market cap of $62.14 billion, a price-to-earnings ratio of 15.67, a P/E/G ratio of 1.27 and a beta of 1.60. 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 fifty-two week low of $55.85 and a fifty-two week high of $93.66. The firm has a fifty day moving average price of $67.60 and a two-hundred day moving average price of $78.94.

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, beating 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 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, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company's stock.

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.