Brasada Capital Management LP Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Brasada Capital Management LP lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 33.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,000 shares of the credit services provider’s stock after selling 5,000 shares during the quarter. Brasada Capital Management LP’s holdings in PayPal were worth $854,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Park Place Capital Corp lifted its stake in shares of PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after buying an additional 116 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. JFS Wealth Advisors LLC grew its position in shares of PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 125 shares during the period. Wynn Capital LLC grew its position in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after purchasing an additional 130 shares during the period. Finally, Avalon Trust Co increased its stake in PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock valued at $176,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PYPL opened at $61.42 on Wednesday. The stock has a market capitalization of $60.76 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The business’s fifty day moving average price is $67.60 and its 200 day moving average price is $78.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66.

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

Analysts Set New Price Targets

PYPL has been the subject of several recent analyst reports. Monness Crespi & Hardt lowered their price target on PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods lowered their price target on PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their target price on PayPal from $80.00 to $74.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.84.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

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.