PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Zacks Investment Management

Zacks Investment Management trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 14.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,396 shares of the credit services provider's stock after selling 17,114 shares during the quarter. Zacks Investment Management's holdings in PayPal were worth $8,654,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PYPL. Norges Bank purchased a new stake in shares of PayPal during the fourth quarter valued at $1,086,508,000. Artisan Partners Limited Partnership increased its holdings in PayPal by 284.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after buying an additional 5,772,198 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock worth $361,316,000 after purchasing an additional 2,689,162 shares during the period. FMR LLC lifted its position in shares of 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 buying an additional 2,161,582 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in PayPal during the fourth quarter valued at approximately $135,537,000. Institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company'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 sale, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

PayPal Trading Down 1.9 %

Shares of PayPal stock traded down $1.17 on Monday, reaching $59.83. The company had a trading volume of 1,967,614 shares, compared to its average volume of 11,993,502. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $59.19 billion, a PE ratio of 14.92, a PEG ratio of 1.27 and a beta of 1.60. The firm's 50 day moving average price is $68.22 and its two-hundred day moving average price is $79.19. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company's quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $1.48 earnings per share. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PYPL shares. Barclays dropped their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Robert W. Baird reduced their price target on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of PayPal from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PayPal has a consensus rating of "Moderate Buy" and a consensus price target of $86.84.

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.