Brevan Howard Capital Management LP Sells 16,879 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Brevan Howard Capital Management LP cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 14.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,033 shares of the credit services provider's stock after selling 16,879 shares during the quarter. Brevan Howard Capital Management LP's holdings in PayPal were worth $8,196,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton lifted its stake in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the last quarter. Hurley Capital LLC acquired a new stake in shares of PayPal during the fourth quarter valued at about $27,000. Sugarloaf Wealth Management LLC grew its holdings in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of PayPal in the fourth quarter valued at approximately $37,000. Finally, Crowley Wealth Management Inc. bought a new position in PayPal in the 4th quarter valued at approximately $39,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on PYPL shares. BTIG Research restated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Wells Fargo & Company cut their target price on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Keefe, Bruyette & Woods lowered their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, March 31st. Robert W. Baird upped their target price on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, BMO Capital Markets decreased their target price on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and an average target price of $83.68.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was 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 $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company's stock.

PayPal Price Performance

NASDAQ:PYPL traded up $0.64 during mid-day trading on Wednesday, hitting $68.69. 8,103,358 shares of the stock traded hands, compared to its average volume of 11,243,204. The business's 50-day moving average price is $65.63 and its 200 day moving average price is $77.93. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a market cap of $66.80 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the firm posted $1.08 earnings per share. PayPal's quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.