PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Shannon River Fund Management LLC

Shannon River Fund Management LLC lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,470 shares of the credit services provider’s stock after selling 9,430 shares during the quarter. PayPal accounts for 3.4% of Shannon River Fund Management LLC’s investment portfolio, making the stock its 8th largest holding. Shannon River Fund Management LLC’s holdings in PayPal were worth $22,999,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Anchor Investment Management LLC boosted its position in shares of PayPal by 9.9% during the 3rd quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider’s stock worth $2,748,000 after purchasing an additional 3,175 shares in the last quarter. Boyar Asset Management Inc. purchased a new position in shares of PayPal in the 3rd quarter valued at about $208,000. World Investment Advisors LLC acquired a new stake in shares of PayPal in the third quarter valued at about $5,296,000. Sfmg LLC purchased a new stake in PayPal during the third quarter worth about $234,000. Finally, Wilmington Savings Fund Society FSB grew its position in PayPal by 196.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider’s stock worth $798,000 after buying an additional 6,772 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Evercore ISI assumed coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an “in-line” rating and a $65.00 price target for the company. Piper Sandler decreased their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Robert W. Baird lowered their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Finally, Citigroup reissued an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Sixteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $88.00.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were 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 of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

PayPal Trading Down 0.5 %

PYPL stock opened at $62.27 on Tuesday. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a market cap of $61.60 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.27 and a beta of 1.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $69.54 and a 200-day simple moving average of $79.65.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $1.48 EPS. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.