AlphaCrest Capital Management LLC Cuts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

AlphaCrest Capital Management LLC trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 40.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,330 shares of the credit services provider’s stock after selling 4,254 shares during the period. AlphaCrest Capital Management LLC’s holdings in PayPal were worth $1,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of PYPL. Fisher Asset Management LLC lifted its position in PayPal by 20.6% during the fourth quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock valued at $2,728,562,000 after purchasing an additional 2,476,199 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in PayPal during the fourth quarter valued at $253,727,000. UBS Asset Management Americas Inc. lifted its position in PayPal by 19.2% during the third quarter. UBS Asset Management Americas Inc. now owns 7,277,858 shares of the credit services provider’s stock valued at $1,893,771,000 after purchasing an additional 1,172,815 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in PayPal by 38.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,449,276 shares of the credit services provider’s stock valued at $897,536,000 after purchasing an additional 950,699 shares during the last quarter. Finally, Clear Street LLC bought a new position in PayPal during the fourth quarter valued at $179,152,000. 75.90% of the stock is owned by institutional investors.

Shares of PayPal stock opened at $78.83 on Friday. The firm’s 50 day moving average price is $101.04 and its 200-day moving average price is $147.19. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.40. PayPal Holdings, Inc. has a 52-week low of $71.83 and a 52-week high of $310.16. The company has a market cap of $91.29 billion, a P/E ratio of 26.02, a PEG ratio of 1.68 and a beta of 1.39.

PayPal (NASDAQ:PYPLGet Rating) last released its earnings results on Wednesday, April 27th. The credit services provider reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. PayPal had a net margin of 13.87% and a return on equity of 17.90%. During the same period in the previous year, the firm posted $0.91 earnings per share. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 2.7 EPS for the current fiscal year.

In related news, EVP Peggy Alford sold 14,767 shares of the business’s stock in a transaction on Friday, May 6th. The shares were sold at an average price of $85.32, for a total value of $1,259,920.44. Following the completion of the transaction, the executive vice president now directly owns 39,891 shares in the company, valued at approximately $3,403,500.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Enrique Lores bought 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The stock was purchased at an average price of $88.13 per share, with a total value of $96,943.00. Following the completion of the purchase, the director now owns 5,235 shares in the company, valued at $461,360.55. The disclosure for this purchase can be found here. Insiders own 0.10% of the company’s stock.

Several equities research analysts have recently issued reports on PYPL shares. Susquehanna Bancshares lowered their target price on shares of PayPal from $125.00 to $115.00 in a report on Thursday, April 28th. Wedbush lowered their target price on shares of PayPal from $170.00 to $110.00 in a report on Thursday, April 28th. Morgan Stanley lowered their target price on shares of PayPal from $190.00 to $139.00 in a report on Thursday, April 28th. StockNews.com lowered shares of PayPal from a “hold” rating to a “sell” rating in a report on Monday, May 2nd. Finally, Atlantic Securities lowered their target price on shares of PayPal from $280.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, February 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has an average rating of “Buy” and a consensus price target of $152.83.

PayPal Company Profile (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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