Lee Danner & Bass Inc. Sells 4,380 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Lee Danner & Bass Inc. reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,167 shares of the credit services provider's stock after selling 4,380 shares during the quarter. Lee Danner & Bass Inc.'s holdings in PayPal were worth $868,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC grew its stake in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock worth $1,307,945,000 after buying an additional 7,767,072 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of PayPal by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider's stock worth $564,631,000 after acquiring an additional 84,337 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of PayPal during the third quarter worth about $387,435,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of PayPal by 174.1% in the 4th 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 acquiring an additional 2,689,162 shares during the period. Finally, Wellington Management Group LLP lifted its position in PayPal by 4.3% in the 3rd quarter. Wellington Management Group LLP now owns 2,570,789 shares of the credit services provider's stock valued at $200,599,000 after purchasing an additional 106,435 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird dropped their price target on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. BTIG Research restated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Susquehanna lifted their target price on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research note on Monday, January 6th. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research note on Friday, February 28th. Finally, Macquarie lifted their price objective on shares of PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, PayPal currently has an average rating of "Moderate Buy" and an average price target of $90.03.

PayPal Stock Down 0.2 %

NASDAQ PYPL traded down $0.11 during trading on Tuesday, reaching $70.86. 6,686,580 shares of the company's stock were exchanged, compared to its average volume of 10,911,865. 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 $56.97 and a fifty-two week high of $93.66. The company's fifty day simple moving average is $77.93 and its 200-day simple moving average is $80.91. The firm has a market capitalization of $70.10 billion, a PE ratio of 17.67, a P/E/G ratio of 1.27 and a beta of 1.52.

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

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was 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 in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

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.