PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,168 shares of the credit services provider's stock after selling 21,795 shares during the quarter. Baillie Gifford & Co.'s holdings in PayPal were worth $10,818,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PYPL. VitalStone Financial LLC lifted its position in PayPal by 4,514.3% in the first quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider's stock valued at $75,000 after purchasing an additional 316 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in PayPal by 146.5% in the second quarter. SkyView Investment Advisors LLC now owns 382 shares of the credit services provider's stock valued at $73,000 after purchasing an additional 227 shares during the last quarter. PCA Investment Advisory Services Inc. bought a new stake in PayPal in the second quarter valued at approximately $27,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in PayPal in the fourth quarter valued at approximately $25,000. Finally, Resurgent Financial Advisors LLC bought a new stake in PayPal in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of PayPal stock traded down $0.08 during trading on Thursday, hitting $65.80. 8,781,505 shares of the company's stock traded hands, compared to its average volume of 17,126,418. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $77.95. The stock has a market capitalization of $70.52 billion, a P/E ratio of 17.14, a PEG ratio of 1.50 and a beta of 1.45. The business has a 50-day simple moving average of $62.08 and a 200-day simple moving average of $59.73.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.01 EPS. As a group, analysts forecast that PayPal Holdings, Inc. will post 3.95 EPS for the current year.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company's stock, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BTIG Research restated a "neutral" rating on shares of PayPal in a report on Friday, January 5th. Monness Crespi & Hardt decreased their target price on PayPal from $95.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, February 8th. Canaccord Genuity Group decreased their target price on PayPal from $100.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, February 8th. Susquehanna increased their price objective on PayPal from $61.00 to $65.00 and gave the stock a "neutral" rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Company increased their price objective on PayPal from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, PayPal currently has an average rating of "Hold" and an average target price of $70.47.

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.