River Global Investors LLP Cuts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

River Global Investors LLP decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 42.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 33,854 shares of the credit services provider's stock after selling 25,245 shares during the period. River Global Investors LLP's holdings in PayPal were worth $2,890,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PYPL. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of PayPal in the fourth quarter worth about $5,487,000. Bank Julius Baer & Co. Ltd Zurich increased its holdings in PayPal by 3.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 72,519 shares of the credit services provider's stock worth $6,830,000 after acquiring an additional 2,143 shares during the period. Aviance Capital Partners LLC increased its holdings in PayPal by 7.5% during the 4th quarter. Aviance Capital Partners LLC now owns 7,194 shares of the credit services provider's stock worth $614,000 after acquiring an additional 500 shares during the period. Mesirow Financial Investment Management Inc. lifted its stake in PayPal by 4.2% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 17,800 shares of the credit services provider's stock worth $1,519,000 after purchasing an additional 721 shares in the last quarter. Finally, Bradyco Inc. bought a new position in PayPal in the 4th quarter valued at $406,000. Institutional investors own 68.32% of the company's stock.

PayPal Stock Down 3.3 %

Shares of PYPL stock traded down $2.32 during mid-day trading on Monday, reaching $68.16. 14,993,467 shares of the company's stock traded hands, compared to its average volume of 12,391,431. The company's 50-day moving average price is $81.40 and its 200-day moving average price is $81.11. The company has a market cap of $67.43 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.27 and a beta of 1.52. 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 12 month low of $56.97 and a 12 month high of $93.66.

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PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. PayPal's quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on PYPL. Morgan Stanley increased their price objective on PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Barclays raised their price target on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and lifted their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Wells Fargo & Company restated an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. Finally, Robert W. Baird lowered their target price 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. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PayPal has an average rating of "Moderate Buy" and a consensus target price of $90.03.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

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.