GTS Securities LLC Lowers Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

GTS Securities LLC reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 97.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,242 shares of the credit services provider's stock after selling 134,849 shares during the quarter. GTS Securities LLC's holdings in PayPal were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PYPL. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal during the fourth quarter valued at about $25,000. Hurley Capital LLC purchased a new position in PayPal during the fourth quarter worth about $27,000. Bernard Wealth Management Corp. purchased a new position in PayPal during the fourth quarter worth about $37,000. Fourth Dimension Wealth LLC purchased a new position in PayPal during the fourth quarter worth about $38,000. Finally, Crowley Wealth Management Inc. purchased a new position in PayPal during the fourth quarter worth about $39,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Down 1.3%

Shares of NASDAQ:PYPL traded down $0.89 on Friday, hitting $70.04. The company had a trading volume of 14,934,033 shares, compared to its average volume of 11,210,095. The firm's 50-day simple moving average is $66.32 and its two-hundred day simple moving average is $76.71. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $68.12 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same period last year, the company posted $1.08 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Compass Point assumed coverage on shares of PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target on the stock. BTIG Research restated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Keefe, Bruyette & Woods cut their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 target price on shares of PayPal in a research note on Wednesday, April 30th. Finally, BMO Capital Markets dropped their target price on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $83.68.

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.