King Luther Capital Management Corp Has $50.75 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

King Luther Capital Management Corp trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 594,584 shares of the credit services provider's stock after selling 38,176 shares during the period. King Luther Capital Management Corp owned about 0.06% of PayPal worth $50,748,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal in the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton boosted 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 purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC increased 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 in the last quarter. Planning Capital Management Corp raised its holdings in 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 buying an additional 268 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in PayPal during the third quarter valued at about $36,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on PYPL. Royal Bank of Canada restated an "outperform" rating and issued a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Susquehanna increased their target price on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a report on Monday, January 6th. Piper Sandler lowered their price target on PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. BTIG Research reissued a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.03.

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Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company's stock.

PayPal Price Performance

NASDAQ:PYPL traded down $1.71 on Thursday, reaching $66.91. The stock had a trading volume of 9,768,350 shares, compared to its average volume of 12,314,722. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $66.19 billion, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The stock has a fifty day moving average price of $80.33 and a 200-day moving average price of $80.90.

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