PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 30.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,167 shares of the credit services provider’s stock after selling 4,380 shares during the quarter. Lee Danner & Bass Inc.’s holdings in PayPal were worth $868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. HUB Investment Partners LLC boosted its position in shares of PayPal by 74.7% in the fourth quarter. HUB Investment Partners LLC now owns 7,657 shares of the credit services provider’s stock worth $654,000 after buying an additional 3,275 shares during the period. Contrarius Group Holdings Ltd purchased a new stake in shares of PayPal in the fourth quarter worth about $81,342,000. iA Global Asset Management Inc. boosted its position in shares of PayPal by 55.7% in the fourth quarter. iA Global Asset Management Inc. now owns 172,527 shares of the credit services provider’s stock worth $14,725,000 after buying an additional 61,736 shares during the period. Teacher Retirement System of Texas boosted its position in shares of PayPal by 20.4% in the fourth quarter. Teacher Retirement System of Texas now owns 1,331,185 shares of the credit services provider’s stock worth $113,617,000 after buying an additional 225,912 shares during the period. Finally, Royal London Asset Management Ltd. boosted its position in shares of PayPal by 1.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 723,944 shares of the credit services provider’s stock worth $61,789,000 after buying an additional 10,277 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 0.7 %

Shares of PayPal stock opened at $70.19 on Friday. The business’s fifty day moving average price is $78.19 and its two-hundred day moving average price is $80.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $69.43 billion, a P/E ratio of 17.50, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last announced its earnings results 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. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm 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 business earned $1.48 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PYPL. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Citigroup reissued an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Piper Sandler reduced their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Friday, February 28th. Fourteen investment 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now 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 filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

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.