PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 579,190 shares of the credit services provider's stock after selling 71,767 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned about 0.06% of PayPal worth $49,434,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PYPL. United Bank boosted its holdings in PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider's stock valued at $698,000 after purchasing an additional 794 shares in the last quarter. Ascent Group LLC acquired a new position in shares of PayPal in the 3rd quarter valued at $201,000. IHT Wealth Management LLC grew its position in shares of PayPal by 8.0% in the 3rd quarter. IHT Wealth Management LLC now owns 11,607 shares of the credit services provider's stock valued at $906,000 after buying an additional 864 shares during the last quarter. Quantinno Capital Management LP raised its stake in PayPal by 9.0% during the 3rd quarter. Quantinno Capital Management LP now owns 84,626 shares of the credit services provider's stock worth $6,603,000 after acquiring an additional 7,016 shares in the last quarter. Finally, Sora Investors LLC purchased a new stake in PayPal in the third quarter valued at $13,265,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

PYPL traded up $0.16 during midday trading on Monday, reaching $58.53. 20,255,235 shares of the company's stock were exchanged, compared to its average volume of 11,353,025. The business's 50-day moving average price is $73.65 and its 200 day moving average price is $80.63. The stock has a market capitalization of $57.90 billion, a PE ratio of 14.60, a P/E/G ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 1-year low of $55.65 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

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PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.48 EPS. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the topic of several research reports. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a report on Friday, February 28th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. Robert W. Baird decreased their price objective on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Morgan Stanley upped their price target on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.13.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company'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 directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.