PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 88.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,582 shares of the credit services provider’s stock after selling 60,629 shares during the period. Highland Capital Management LLC’s holdings in PayPal were worth $647,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PYPL. Algert Global LLC acquired a new stake in shares of PayPal in the second quarter worth $435,000. Sanctuary Advisors LLC purchased a new position in PayPal in the second quarter valued at about $9,517,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of PayPal during the second quarter worth about $17,707,000. Anchor Investment Management LLC boosted its position in shares of PayPal by 5.8% in the second quarter. Anchor Investment Management LLC now owns 32,044 shares of the credit services provider’s stock worth $1,860,000 after buying an additional 1,756 shares during the period. Finally, Abacus Planning Group Inc. acquired a new stake in shares of PayPal in the third quarter valued at about $208,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 1.1 %

PYPL stock opened at $88.58 on Friday. The stock has a market cap of $88.80 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The firm’s 50-day simple moving average is $88.13 and its 200 day simple moving average is $78.61. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 earnings per share. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PYPL shares. Susquehanna upped their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and upped their target price for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Macquarie lifted their price target on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a research report on Thursday, December 12th. Finally, Mizuho lifted their target price on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average target price of $89.48.

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.