PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 83.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,885 shares of the credit services provider’s stock after selling 20,095 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in PayPal were worth $260,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PYPL. Norges Bank acquired a new stake in PayPal in the fourth quarter worth $749,561,000. Charles Schwab Investment Management Inc. increased its holdings in shares of PayPal by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after purchasing an additional 265,116 shares during the period. First Trust Advisors LP raised its position in shares of PayPal by 1.7% during the 4th quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after buying an additional 61,384 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of PayPal by 11.9% in the 4th quarter. Hsbc Holdings PLC now owns 2,891,840 shares of the credit services provider’s stock worth $177,541,000 after acquiring an additional 306,613 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of PayPal by 17.3% in the first quarter. LSV Asset Management now owns 2,480,900 shares of the credit services provider’s stock valued at $166,195,000 after acquiring an additional 365,300 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 1.8 %

Shares of NASDAQ PYPL traded up $1.11 during mid-day trading on Tuesday, reaching $61.58. 3,689,510 shares of the company traded hands, compared to its average volume of 14,589,854. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The stock has a market cap of $64.42 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The company’s fifty day moving average is $61.81 and its two-hundred day moving average is $62.22.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the business earned $0.86 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the sale, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PYPL has been the subject of a number of research reports. Evercore ISI increased their price target on PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research note on Tuesday, June 25th. The Goldman Sachs Group reissued a “neutral” rating and issued a $69.00 price target on shares of PayPal in a report on Monday, June 24th. Citigroup lifted their price objective on shares of PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Wells Fargo & Company raised their target price on shares of PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Finally, TD Cowen upped their price target on PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Twenty research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, PayPal has a consensus rating of “Hold” and an average price target of $73.82.

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.