Mayar Capital Ltd. Lowers Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mayar Capital Ltd. trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 58.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 66,272 shares of the credit services provider’s stock after selling 93,610 shares during the quarter. PayPal comprises about 7.4% of Mayar Capital Ltd.’s portfolio, making the stock its 8th biggest holding. Mayar Capital Ltd.’s holdings in PayPal were worth $5,656,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of PYPL. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of PayPal by 14.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 10,127 shares of the credit services provider’s stock worth $864,000 after acquiring an additional 1,278 shares during the period. Naviter Wealth LLC acquired a new position in PayPal during the fourth quarter worth about $454,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of PayPal in the fourth quarter worth about $5,487,000. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of PayPal by 3.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 72,519 shares of the credit services provider’s stock valued at $6,830,000 after purchasing an additional 2,143 shares in the last quarter. Finally, Aviance Capital Partners LLC grew its holdings in shares of PayPal by 7.5% during the 4th quarter. Aviance Capital Partners LLC now owns 7,194 shares of the credit services provider’s stock valued at $614,000 after purchasing an additional 500 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred 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. The trade was a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Susquehanna increased their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Piper Sandler decreased their price objective on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Price Performance

PayPal stock opened at $70.48 on Friday. The firm has a 50 day moving average price of $81.75 and a 200 day moving average price of $81.07. The company has a market cap of $69.72 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last released 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 firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 EPS. 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.