Janus Henderson Group PLC Decreases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Janus Henderson Group PLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 139,722 shares of the credit services provider's stock after selling 10,602 shares during the period. Janus Henderson Group PLC's holdings in PayPal were worth $11,927,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PYPL. Park Place Capital Corp grew its holdings in PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after purchasing an additional 116 shares during the period. JFS Wealth Advisors LLC lifted its position in shares of PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after acquiring an additional 125 shares in the last quarter. Avalon Trust Co lifted its position in shares of PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after acquiring an additional 135 shares in the last quarter. Stegent Equity Advisors Inc. lifted its position in shares of PayPal by 3.2% during the fourth quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock worth $388,000 after acquiring an additional 142 shares in the last quarter. Finally, Cohen & Steers Inc. lifted its position in shares of PayPal by 5.1% during the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock worth $257,000 after acquiring an additional 145 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on PYPL shares. Morgan Stanley increased their target price on PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. BTIG Research restated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research report on Friday, February 28th. Finally, Macquarie lowered their price objective on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.68.

PayPal Trading Up 0.9%

Shares of NASDAQ:PYPL traded up $0.61 on Friday, reaching $72.18. 8,703,318 shares of the company traded hands, compared to its average volume of 11,264,175. The business's 50-day simple moving average is $65.99 and its 200 day simple moving average is $77.39. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The stock has a market capitalization of $70.20 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

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.