PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Southeastern Asset Management Inc. TN

Southeastern Asset Management Inc. TN cut its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 31.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 579,537 shares of the credit services provider's stock after selling 263,361 shares during the quarter. PayPal makes up approximately 2.3% of Southeastern Asset Management Inc. TN's investment portfolio, making the stock its 18th largest holding. Southeastern Asset Management Inc. TN owned about 0.06% of PayPal worth $49,463,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PYPL. Rafferty Asset Management LLC lifted its holdings in PayPal by 1.3% in the fourth quarter. Rafferty Asset Management LLC now owns 562,201 shares of the credit services provider's stock valued at $47,984,000 after acquiring an additional 7,134 shares during the period. Raiffeisen Bank International AG acquired a new stake in shares of PayPal during the 4th quarter valued at about $707,000. Redwood Financial Network Corp increased its stake in shares of PayPal by 4.8% in the 4th quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock valued at $274,000 after purchasing an additional 147 shares in the last quarter. Redwood Investment Management LLC purchased a new position in shares of PayPal in the 4th quarter valued at about $1,447,000. Finally, ProShare Advisors LLC boosted its position in PayPal by 17.3% during the fourth quarter. ProShare Advisors LLC now owns 1,372,425 shares of the credit services provider's stock worth $117,136,000 after purchasing an additional 202,712 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

PYPL stock traded up $0.34 during midday trading on Tuesday, hitting $72.66. 2,506,889 shares of the stock were exchanged, compared to its average volume of 11,214,516. 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 stock's 50-day moving average price is $66.06 and its 200-day moving average price is $77.34. The stock has a market cap of $70.66 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company 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 business posted $1.08 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year. Research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were 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 approximately $2,145,308.10. The trade was a 7.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PYPL shares. Royal Bank of Canada dropped their price target on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Evercore ISI initiated coverage on shares of PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price on the stock. Barclays reduced their price target on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. UBS Group cut their price objective on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Finally, BMO Capital Markets lowered their price target on PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have assigned 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, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

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.