Massachusetts Financial Services Co. MA Has $68.30 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Massachusetts Financial Services Co. MA trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,112,198 shares of the credit services provider's stock after selling 186,911 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.10% of PayPal worth $68,300,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of PYPL. Psagot Value Holdings Ltd. Israel grew its holdings in shares of PayPal by 88.3% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 31,061 shares of the credit services provider's stock worth $1,955,000 after purchasing an additional 14,568 shares during the period. 1ST Source Bank grew its stake in PayPal by 3.0% during the fourth quarter. 1ST Source Bank now owns 22,636 shares of the credit services provider's stock worth $1,390,000 after buying an additional 649 shares during the period. Boston Partners increased its position in shares of PayPal by 4,024.5% in the fourth quarter. Boston Partners now owns 783,248 shares of the credit services provider's stock worth $48,099,000 after acquiring an additional 764,258 shares in the last quarter. Ieq Capital LLC raised its stake in shares of PayPal by 21.7% in the 4th quarter. Ieq Capital LLC now owns 131,465 shares of the credit services provider's stock valued at $8,073,000 after acquiring an additional 23,480 shares during the period. Finally, Formidable Asset Management LLC lifted its holdings in shares of PayPal by 2.3% during the 4th quarter. Formidable Asset Management LLC now owns 43,690 shares of the credit services provider's stock valued at $2,683,000 after acquiring an additional 964 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PYPL. Canaccord Genuity Group lowered their price target on PayPal from $100.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, February 8th. StockNews.com upgraded PayPal from a "hold" rating to a "buy" rating in a report on Monday. BMO Capital Markets upped their price target on PayPal from $64.00 to $65.00 and gave the stock a "market perform" rating in a report on Wednesday, May 1st. Citigroup dropped their price objective 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. Finally, Argus lowered shares of PayPal from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Twenty-two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $72.73.

PayPal Stock Performance

PYPL traded up $0.38 during trading on Friday, reaching $64.48. 8,184,205 shares of the company were exchanged, compared to its average volume of 15,791,248. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market cap of $67.45 billion, a P/E ratio of 16.24, a PEG ratio of 1.15 and a beta of 1.41. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The firm has a 50 day moving average of $64.68 and a 200 day moving average of $61.26.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 EPS. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.13 EPS for the current fiscal year.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company's stock.

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.