HS Management Partners LLC Has $97.43 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

HS Management Partners LLC decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 23.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,141,500 shares of the credit services provider’s stock after selling 350,860 shares during the period. PayPal makes up about 6.7% of HS Management Partners LLC’s holdings, making the stock its largest holding. HS Management Partners LLC owned 0.11% of PayPal worth $97,427,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal during the third quarter valued at $26,000. Rosenberg Matthew Hamilton boosted its stake in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares during the period. Sugarloaf Wealth Management LLC boosted its stake in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp boosted its stake in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in PayPal during the third quarter valued at $36,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

PayPal stock opened at $69.50 on Thursday. The stock’s 50 day simple moving average is $82.48 and its two-hundred day simple moving average is $81.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $68.75 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66.

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

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research reports. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and raised their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Friday, February 28th. Finally, Robert W. Baird lowered their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

About PayPal

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.