PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 51.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,844 shares of the credit services provider's stock after selling 159,205 shares during the period. Invenomic Capital Management LP's holdings in PayPal were worth $12,789,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PYPL. Rosenberg Matthew Hamilton boosted its holdings in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Hurley Capital LLC purchased a new position in shares of PayPal in the 4th quarter valued at $27,000. Sugarloaf Wealth Management LLC raised its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in PayPal in the fourth quarter valued at $37,000. Finally, Crowley Wealth Management Inc. acquired a new position in PayPal in the fourth quarter valued at $39,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction 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 sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group cut their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Compass Point started coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price objective for the company. Citigroup decreased their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Royal Bank of Canada decreased their price target on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $83.68.

PayPal Trading Down 0.3 %

Shares of PYPL stock opened at $70.26 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $65.65 and a 200-day simple moving average of $77.70. The stock has a market cap of $68.33 billion, a P/E ratio of 17.52, a P/E/G 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 (EPS) for the quarter, topping 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 company had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share 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.

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