Banco Santander S.A. Has $8.93 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Banco Santander S.A. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,632 shares of the credit services provider's stock after selling 47,627 shares during the quarter. Banco Santander S.A.'s holdings in PayPal were worth $8,930,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal during the 3rd quarter valued at $26,000. Rosenberg Matthew Hamilton increased its holdings in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC raised its stake in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp lifted its holdings in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after purchasing an additional 268 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in PayPal in the 3rd quarter valued at about $36,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Citigroup reiterated an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Macquarie raised their target price on PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Friday, February 28th. Finally, Robert W. Baird dropped their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Fourteen equities 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $90.03.

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PayPal Trading Down 3.5 %

Shares of PYPL stock traded down $2.46 on Monday, hitting $68.02. The stock had a trading volume of 9,953,717 shares, compared to its average volume of 12,266,276. 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 twelve month low of $56.97 and a twelve month high of $93.66. The company has a fifty day moving average price of $81.75 and a two-hundred day moving average price of $81.13. The firm has a market cap of $67.29 billion, a P/E ratio of 16.96, a PEG ratio of 1.27 and a beta of 1.52.

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

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction 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 $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by 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.