PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Viawealth LLC

Viawealth LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,414 shares of the credit services provider’s stock after selling 812 shares during the quarter. Viawealth LLC’s holdings in PayPal were worth $718,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC increased its position in shares of PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in PayPal by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider’s stock worth $564,631,000 after buying an additional 84,337 shares during the period. Primecap Management Co. CA lifted its stake in PayPal by 21.6% in the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after buying an additional 1,069,356 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of PayPal in the third quarter valued at approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of PayPal by 174.1% during the fourth 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 acquiring an additional 2,689,162 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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 value of $176,478.90. Following the transaction, the director now 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on PYPL shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Barclays boosted their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Macquarie increased their price objective on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a report on Friday, December 13th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Price Performance

PayPal stock opened at $70.00 on Thursday. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. 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 50 day moving average price of $78.82 and a 200 day moving average price of $80.89. The company has a market cap of $69.25 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.27 and a beta of 1.52.

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