PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 183,302 shares of the credit services provider’s stock after selling 2,788 shares during the quarter. ARK Investment Management LLC’s holdings in PayPal were worth $15,645,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PYPL. FMR LLC boosted its position in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. Mizuho Securities USA LLC boosted its position in PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares during the period. Primecap Management Co. CA boosted its position in PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after purchasing an additional 1,069,356 shares during the period. World Investment Advisors LLC acquired a new position in PayPal during the 3rd quarter valued at approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after purchasing an additional 2,689,162 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 1.6 %

Shares of PayPal stock opened at $74.07 on Wednesday. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. 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 firm has a market capitalization of $73.27 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The stock’s fifty day moving average is $84.52 and its 200-day moving average is $81.02.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PYPL. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Piper Sandler boosted their price target on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Phillip Securities reiterated an “accumulate” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Fourteen analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $90.52.

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.