PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Decreased by Shannon River Fund Management LLC

Shannon River Fund Management LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 269,470 shares of the credit services provider's stock after selling 9,430 shares during the quarter. PayPal accounts for 3.4% of Shannon River Fund Management LLC's holdings, making the stock its 8th biggest holding. Shannon River Fund Management LLC's holdings in PayPal were worth $22,999,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its position in PayPal by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after acquiring an additional 271,836 shares during the last quarter. FMR LLC lifted its stake in PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after purchasing an additional 2,161,582 shares during the last quarter. Norges Bank acquired a new stake in PayPal in the fourth quarter valued at approximately $1,086,508,000. Invesco Ltd. grew its stake in shares of PayPal by 1.8% during the fourth quarter. Invesco Ltd. now owns 8,283,915 shares of the credit services provider's stock worth $707,032,000 after buying an additional 144,402 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in shares of PayPal by 284.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock worth $666,100,000 after buying an additional 5,772,198 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Price Performance

NASDAQ:PYPL traded up $0.76 during mid-day trading on Friday, reaching $61.00. The stock had a trading volume of 9,020,112 shares, compared to its average volume of 11,483,897. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The firm has a 50 day moving average price of $68.22 and a two-hundred day moving average price of $79.17. The stock has a market capitalization of $60.34 billion, a P/E ratio of 15.21, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for 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 company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.48 earnings per share. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Citigroup reissued an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. DZ Bank upgraded 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. Monness Crespi & Hardt dropped their price objective on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Piper Sandler decreased their price target on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, StockNews.com lowered shares of PayPal from a "buy" rating to a "hold" rating in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $86.84.

Insider Buying and Selling at PayPal

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 shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate 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.