PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Decreased by Pingora Partners LLC

by · The Cerbat Gem

Pingora Partners LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,956 shares of the credit services provider’s stock after selling 480 shares during the period. Pingora Partners LLC’s holdings in PayPal were worth $679,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in PayPal during the fourth quarter valued at $1,086,508,000. Capital Research Global Investors grew its stake in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock valued at $1,529,823,000 after buying an additional 9,313,783 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of PayPal by 284.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock valued at $666,100,000 after buying an additional 5,772,198 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after buying an additional 2,689,162 shares during the last quarter. Finally, FMR LLC raised its position in PayPal by 12.9% during the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Arete Research set a $81.00 target price on shares of PayPal in a research report on Thursday, March 27th. StockNews.com cut shares of PayPal from a “buy” rating to a “hold” rating in a report on Wednesday. Monness Crespi & Hardt cut their target price on PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Barclays decreased their price target on PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Finally, DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.88.

Get Our Latest Research Report on PYPL

PayPal Stock Up 3.7 %

Shares of NASDAQ PYPL opened at $64.77 on Friday. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The business has a fifty day moving average of $67.03 and a two-hundred day moving average of $78.72. The stock has a market cap of $64.07 billion, a PE ratio of 16.15, a PEG ratio of 1.27 and a beta of 1.60.

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, beating 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 net margin of 13.04% and a return on equity of 23.67%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $1.48 EPS. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Company Profile

(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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