River Global Investors LLP Sells 2,029 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

River Global Investors LLP reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,314 shares of the credit services provider’s stock after selling 2,029 shares during the period. River Global Investors LLP’s holdings in PayPal were worth $3,335,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Morgan Stanley increased its stake in PayPal by 4.5% in the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after acquiring an additional 873,181 shares during the last quarter. Northern Trust Corp lifted its position in PayPal by 0.7% during the third quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock valued at $687,902,000 after purchasing an additional 78,105 shares during the last quarter. FMR LLC lifted its position in PayPal by 29.5% during the third quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock valued at $404,367,000 after purchasing an additional 1,575,930 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in PayPal by 4.6% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,906,516 shares of the credit services provider’s stock worth $286,835,000 after buying an additional 215,835 shares in the last quarter. Finally, Atreides Management LP increased its holdings in shares of PayPal by 9.3% in the 3rd quarter. Atreides Management LP now owns 4,174,520 shares of the credit services provider’s stock worth $244,042,000 after buying an additional 355,411 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Activity at PayPal

In other news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Down 1.9 %

Shares of NASDAQ:PYPL traded down $1.28 during trading on Friday, hitting $65.70. The stock had a trading volume of 15,435,157 shares, compared to its average volume of 12,651,739. The company has a market capitalization of $68.73 billion, a PE ratio of 16.55, a PEG ratio of 1.22 and a beta of 1.41. The company has a quick ratio of 1.29, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average is $63.56 and its 200 day moving average is $60.44. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. PayPal’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 earnings per share. Analysts anticipate that PayPal Holdings, Inc. will post 4.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Canaccord Genuity Group cut their target price on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. TD Cowen increased their price objective on PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research report on Wednesday. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a report on Wednesday. Susquehanna upped their target price on PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada lifted their price target on shares of PayPal from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.73.

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.