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

Southeastern Asset Management Inc. TN trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 31.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 579,537 shares of the credit services provider's stock after selling 263,361 shares during the quarter. PayPal comprises about 2.3% of Southeastern Asset Management Inc. TN's investment portfolio, making the stock its 18th biggest position. Southeastern Asset Management Inc. TN owned about 0.06% of PayPal worth $49,463,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Hurley Capital LLC bought a new stake in shares of PayPal in the fourth quarter worth about $27,000. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in PayPal in the fourth quarter worth about $37,000. Crowley Wealth Management Inc. purchased a new position in PayPal in the fourth quarter worth about $39,000. Finally, Bank of Jackson Hole Trust purchased a new position in PayPal in the fourth quarter worth about $41,000. 68.32% of the stock is owned by institutional investors.

PayPal Stock Up 0.9%

Shares of PYPL stock traded up $0.61 during trading hours on Friday, reaching $72.18. 8,703,318 shares of the company's stock were exchanged, compared to its average volume of 11,264,175. The stock's 50 day moving average is $65.99 and its 200-day moving average is $77.39. The company has a market cap of $70.20 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.27 and a beta of 1.51. 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 fifty-two week low of $55.85 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly 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. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.08 earnings per share. Analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity at PayPal

In related 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on PYPL shares. Piper Sandler dropped their price target on PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Robert W. Baird lifted their price target on PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research report on Friday, February 28th. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $83.68.

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.