Ceera Investments LLC Sells 18,699 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Ceera Investments LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 21.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,669 shares of the credit services provider's stock after selling 18,699 shares during the quarter. PayPal accounts for about 2.0% of Ceera Investments LLC's investment portfolio, making the stock its 18th largest holding. Ceera Investments LLC's holdings in PayPal were worth $4,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Altman Advisors Inc. purchased a new stake in PayPal during the 4th quarter valued at $227,000. M&G Investment Management Ltd. grew its holdings in shares of PayPal by 4.5% in the fourth quarter. M&G Investment Management Ltd. now owns 213,900 shares of the credit services provider's stock worth $13,048,000 after acquiring an additional 9,159 shares during the period. Pinnacle Wealth Planning Services Inc. increased its position in PayPal by 64.4% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 6,903 shares of the credit services provider's stock valued at $424,000 after acquiring an additional 2,703 shares during the last quarter. Psagot Value Holdings Ltd. Israel lifted its holdings in PayPal by 88.3% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 31,061 shares of the credit services provider's stock valued at $1,955,000 after acquiring an additional 14,568 shares during the period. Finally, 1ST Source Bank boosted its position in PayPal by 3.0% in the fourth quarter. 1ST Source Bank now owns 22,636 shares of the credit services provider's stock worth $1,390,000 after purchasing an additional 649 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company's stock.

PayPal Trading Down 1.1 %

PYPL traded down $0.68 on Wednesday, hitting $63.90. The company had a trading volume of 10,966,474 shares, compared to its average volume of 15,953,713. The business's fifty day simple moving average is $64.34 and its 200 day simple moving average is $61.13. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54. The company has a market cap of $66.84 billion, a PE ratio of 16.02, a PEG ratio of 1.15 and a beta of 1.41.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company had revenue of $7.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter last year, the firm posted $0.86 EPS. PayPal's revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts expect that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PYPL shares. Stephens upped their price target on shares of PayPal from $70.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a report on Tuesday, April 30th. Citigroup dropped their price target on shares of PayPal from $76.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. Mizuho upped their price objective on PayPal from $60.00 to $68.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. Finally, Wells Fargo & Company raised their target price on PayPal from $60.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 1st. Twenty-two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $72.73.

About PayPal

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.

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