Sciencast Management LP Sells 11,503 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Sciencast Management LP lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 32.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,141 shares of the credit services provider's stock after selling 11,503 shares during the quarter. Sciencast Management LP's holdings in PayPal were worth $2,060,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the 3rd quarter valued at $26,000. Rosenberg Matthew Hamilton lifted its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its stake in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of PayPal during the 3rd quarter valued at about $36,000. Finally, Modus Advisors LLC bought a new position in shares of PayPal in the 4th quarter valued at approximately $37,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

PYPL stock traded down $0.11 during trading on Tuesday, hitting $70.86. 6,686,580 shares of the stock traded hands, compared to its average volume of 10,911,865. The stock has a market cap of $70.10 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a 50 day simple moving average of $77.93 and a 200 day simple moving average of $80.91.

Remove Ads

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 analysts' consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company 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 earned $1.48 earnings per share. The business's revenue was up 4.2% on a year-over-year basis. Equities analysts expect 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 analyst reports. 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. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a report on Wednesday, February 26th. 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 report on Wednesday, February 26th. Citigroup reiterated an "outperform" rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded PayPal from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Fourteen equities research 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 company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $90.03.

Insiders Place Their Bets

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 shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

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.