Gotham Asset Management LLC Sells 63,370 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Gotham Asset Management LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 279,862 shares of the credit services provider's stock after selling 63,370 shares during the period. Gotham Asset Management LLC's holdings in PayPal were worth $23,886,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Hurley Capital LLC purchased a new position in shares of PayPal in the fourth quarter worth about $27,000. Rosenberg Matthew Hamilton increased its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the period. Sugarloaf Wealth Management LLC increased its holdings in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares during the period. Bernard Wealth Management Corp. purchased a new position in shares of PayPal in the fourth quarter worth about $37,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of PayPal in the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.14% of the company's stock.

PayPal Stock Down 0.3%

NASDAQ PYPL traded down $0.22 during mid-day trading on Friday, reaching $70.26. The stock had a trading volume of 7,467,331 shares, compared to its average volume of 11,252,074. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The stock has a market cap of $68.33 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a fifty day moving average price of $65.65 and a 200 day moving average price of $77.67. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating 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 company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research note on Friday, February 28th. Evercore ISI assumed coverage on PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price on the stock. UBS Group cut their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Two 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.