Teza Capital Management LLC Cuts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Teza Capital Management LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 93.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,280 shares of the credit services provider’s stock after selling 135,460 shares during the quarter. Teza Capital Management LLC’s holdings in PayPal were worth $792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of PYPL. Ritholtz Wealth Management increased its position in shares of PayPal by 135.5% during the fourth quarter. Ritholtz Wealth Management now owns 11,126 shares of the credit services provider’s stock valued at $950,000 after acquiring an additional 6,402 shares in the last quarter. HB Wealth Management LLC boosted its stake in PayPal by 8.5% during the 4th quarter. HB Wealth Management LLC now owns 18,116 shares of the credit services provider’s stock valued at $1,546,000 after purchasing an additional 1,418 shares during the last quarter. Moss Adams Wealth Advisors LLC bought a new stake in shares of PayPal in the 4th quarter worth $232,000. Aaron Wealth Advisors LLC raised its stake in shares of PayPal by 10.7% in the fourth quarter. Aaron Wealth Advisors LLC now owns 5,216 shares of the credit services provider’s stock worth $445,000 after purchasing an additional 506 shares during the last quarter. Finally, Clarius Group LLC lifted its holdings in shares of PayPal by 15.7% during the fourth quarter. Clarius Group LLC now owns 5,035 shares of the credit services provider’s stock valued at $430,000 after purchasing an additional 684 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Evercore ISI started coverage on PayPal in a report on Wednesday, April 9th. They issued an “in-line” rating and a $65.00 price objective for the company. Bank of America reduced their price target on shares of PayPal from $103.00 to $93.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Canaccord Genuity Group restated a “buy” rating and set a $96.00 price objective on shares of PayPal in a research report on Wednesday, April 30th. Robert W. Baird raised their target price on shares of PayPal from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, UBS Group decreased their target price on shares of PayPal from $88.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $83.68.

PayPal Stock Performance

NASDAQ:PYPL opened at $72.32 on Tuesday. The company has a market cap of $70.33 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The stock’s 50 day simple moving average is $66.06 and its two-hundred day simple moving average is $77.34. 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 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 analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

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.