Wellington Management Group LLP Sells 2,114,810 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Wellington Management Group LLP lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 82.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 455,979 shares of the credit services provider's stock after selling 2,114,810 shares during the quarter. Wellington Management Group LLP's holdings in PayPal were worth $38,918,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PYPL. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal in the 4th quarter valued at approximately $25,000. Hurley Capital LLC acquired a new stake in PayPal during the 4th quarter worth approximately $27,000. Bernard Wealth Management Corp. bought a new stake in shares of PayPal in the fourth quarter valued at approximately $34,000. Pinney & Scofield Inc. bought a new position in PayPal in the 4th quarter valued at about $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of PayPal in the 4th quarter valued at $38,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

Shares of NASDAQ PYPL traded down $0.89 during midday trading on Friday, hitting $70.04. 14,934,033 shares of the company's stock were exchanged, compared to its average volume of 11,197,816. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $68.12 billion, a P/E ratio of 17.47, a PEG ratio of 1.27 and a beta of 1.51. The stock's 50 day moving average price is $66.32 and its 200-day moving average price is $76.71.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PYPL. Wells Fargo & Company cut their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. restated an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Robert W. Baird upped their price target on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Morgan Stanley upped their price objective on PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Finally, Bank of America lowered their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.68.

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.