PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,100 shares of the credit services provider's stock after selling 6,900 shares during the quarter. Quinn Opportunity Partners LLC's holdings in PayPal were worth $2,910,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its stake in PayPal by 285.8% in the third quarter. Continuum Advisory LLC now owns 760 shares of the credit services provider's stock valued at $65,000 after buying an additional 563 shares in the last quarter. Coldstream Capital Management Inc. raised its position in shares of PayPal by 17.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 14,407 shares of the credit services provider's stock worth $1,139,000 after acquiring an additional 2,178 shares in the last quarter. Toronto Dominion Bank lifted its stake in PayPal by 7.8% during the third quarter. Toronto Dominion Bank now owns 573,196 shares of the credit services provider's stock worth $44,726,000 after purchasing an additional 41,345 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in PayPal by 10.6% in the third quarter. Sunbelt Securities Inc. now owns 22,480 shares of the credit services provider's stock valued at $1,754,000 after purchasing an additional 2,146 shares in the last quarter. Finally, Virtue Capital Management LLC purchased a new position in PayPal in the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 68.32% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PYPL. Evercore ISI started coverage on shares of PayPal in a report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price for the company. Keefe, Bruyette & Woods dropped their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Barclays reduced their target price on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday. BTIG Research restated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research note on Friday, February 28th. Sixteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $87.03.

PayPal Price Performance

Shares of PYPL stock traded up $0.06 during trading hours on Tuesday, hitting $62.33. The company's stock had a trading volume of 4,060,064 shares, compared to its average volume of 11,447,881. 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 business has a fifty day moving average of $69.54 and a 200-day moving average of $79.65. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The stock has a market cap of $61.66 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating 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 firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. PayPal's quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate 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.