Versor Investments LP Sells 11,123 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Versor Investments LP decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 42.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,100 shares of the credit services provider’s stock after selling 11,123 shares during the period. Versor Investments LP’s holdings in PayPal were worth $1,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in PayPal by 86.3% in the 3rd 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 during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after buying an additional 10,419,351 shares during the period. Primecap Management Co. CA lifted its stake in shares of 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 period. World Investment Advisors LLC acquired a new stake in PayPal during the third quarter worth about $387,435,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in 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 valued at $361,316,000 after acquiring an additional 2,689,162 shares during the period. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of several recent research reports. Barclays lifted their price objective on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group boosted their price target on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Finally, Macquarie lifted their price objective on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.55.

PayPal Trading Down 2.7 %

Shares of NASDAQ PYPL opened at $72.05 on Thursday. The company’s 50 day simple moving average is $84.25 and its 200 day simple moving average is $80.96. The firm has a market capitalization of $71.27 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.27 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion for 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 firm’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.48 EPS. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.