Southeastern Asset Management Inc. TN Sells 263,361 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Southeastern Asset Management Inc. TN lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 31.2% during the fourth quarter, HoldingsChannel reports. The firm owned 579,537 shares of the credit services provider’s stock after selling 263,361 shares during the quarter. PayPal makes up 2.3% of Southeastern Asset Management Inc. TN’s investment portfolio, making the stock its 18th largest position. Southeastern Asset Management Inc. TN’s holdings in PayPal were worth $49,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC raised its stake in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after purchasing an additional 3,976 shares in the last quarter. J. Goldman & Co LP increased its holdings in shares of PayPal by 11.9% during the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider’s stock worth $22,304,000 after acquiring an additional 27,812 shares during the last quarter. Nikko Asset Management Americas Inc. increased its holdings in shares of PayPal by 2.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock worth $59,489,000 after acquiring an additional 18,172 shares during the last quarter. ExodusPoint Capital Management LP increased its holdings in shares of PayPal by 223.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider’s stock worth $22,622,000 after acquiring an additional 183,011 shares during the last quarter. Finally, StoneX Group Inc. increased its holdings in shares of PayPal by 70.4% during the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider’s stock worth $2,326,000 after acquiring an additional 11,260 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ:PYPL opened at $71.57 on Friday. The stock has a fifty day moving average price of $65.90 and a 200-day moving average price of $77.45. The company has a market cap of $69.60 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.27 and a beta of 1.51. 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 fifty-two week low of $55.85 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. The firm had revenue of $7.79 billion during 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 company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.08 EPS. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling

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 transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BTIG Research reissued a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Wells Fargo & Company decreased their target price on PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Robert W. Baird boosted their target price on PayPal from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.68.

About PayPal

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.