Private Capital Management LLC Sells 48,500 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Private Capital Management LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 72.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,700 shares of the credit services provider’s stock after selling 48,500 shares during the quarter. Private Capital Management LLC’s holdings in PayPal were worth $1,459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Relyea Zuckerberg Hanson LLC increased its stake in PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after acquiring an additional 3,976 shares during the period. World Investment Advisors LLC acquired a new stake in PayPal during the third quarter valued at approximately $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal in the 3rd quarter valued at approximately $810,000. Equity Investment Corp raised its holdings in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after buying an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. lifted its position in shares of PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after buying an additional 17,003 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PYPL shares. Citigroup reiterated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Macquarie upped their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Piper Sandler cut their price target on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research report on Friday, December 13th. Finally, Susquehanna raised their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $89.97.

PayPal Stock Down 1.8 %

NASDAQ:PYPL opened at $70.73 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The stock’s fifty day simple moving average is $83.93 and its 200-day simple moving average is $80.89. The firm has a market capitalization of $69.97 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm 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 company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Equities research analysts expect 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.