Jacobs Levy Equity Management Inc. Sells 87,656 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Jacobs Levy Equity Management Inc. cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,064,816 shares of the credit services provider's stock after selling 87,656 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.21% of PayPal worth $176,232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PYPL. Geode Capital Management LLC increased its stake in PayPal by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock worth $1,849,884,000 after acquiring an additional 271,836 shares during the last quarter. FMR LLC lifted its stake in PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the period. Capital Research Global Investors raised its holdings in shares of PayPal by 108.2% during the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after purchasing an additional 9,313,783 shares during the last quarter. Norges Bank purchased a new position in shares of PayPal during the 4th quarter valued at about $1,086,508,000. Finally, Northern Trust Corp boosted its stake in shares of PayPal by 19.0% in the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after buying an additional 1,669,908 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on PYPL. Arete Research set a $81.00 target price on PayPal in a report on Thursday, March 27th. Seaport Res Ptn downgraded PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Royal Bank of Canada reduced their target price on PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Monness Crespi & Hardt reduced their price target on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $96.00 target price on shares of PayPal in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PayPal currently has a consensus rating of "Moderate Buy" and an average price target of $83.68.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

PayPal Stock Down 0.2%

NASDAQ:PYPL traded down $0.15 during trading hours on Tuesday, hitting $72.16. The stock had a trading volume of 1,231,549 shares, compared to its average volume of 11,218,296. The company has a market cap of $70.18 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The business has a 50 day simple moving average of $65.71 and a two-hundred day simple moving average of $77.61. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. PayPal's quarterly revenue was up 1.2% on a year-over-year basis. Analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Company 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.