Phoenix Financial Ltd. Sells 832 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

by · The Cerbat Gem

Phoenix Financial Ltd. reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,223 shares of the credit services provider’s stock after selling 832 shares during the period. Phoenix Financial Ltd.’s holdings in PayPal were worth $4,714,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Hurley Capital LLC bought a new position in PayPal during the fourth quarter worth about $27,000. Rosenberg Matthew Hamilton boosted its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC grew its holdings in 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 during the period. Bernard Wealth Management Corp. acquired a new position in PayPal during the fourth quarter valued at approximately $37,000. Finally, Modus Advisors LLC bought a new stake in PayPal in the fourth quarter valued at approximately $37,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

NASDAQ:PYPL opened at $60.56 on Friday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The firm has a market capitalization of $59.91 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.27 and a beta of 1.60. The stock’s 50 day moving average price is $70.19 and its two-hundred day moving average price is $79.87. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL – Get Free Report) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share 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 business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the firm earned $1.48 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PYPL shares. Robert W. Baird decreased their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Arete Research set a $81.00 target price on PayPal in a report on Thursday, March 27th. Citigroup restated an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. Fifteen 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.32.

Check Out Our Latest Stock Report on PayPal

About PayPal

(Free Report)

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.

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