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

Princeton Capital Management LLC reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,761 shares of the credit services provider’s stock after selling 1,818 shares during the quarter. Princeton Capital Management LLC’s holdings in PayPal were worth $577,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Rosenberg Matthew Hamilton increased its stake in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal in the 3rd quarter valued at $26,000. Sugarloaf Wealth Management LLC raised its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Modus Advisors LLC purchased a new stake in PayPal in the fourth quarter valued at $37,000. Finally, Crowley Wealth Management Inc. acquired a new position in PayPal in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on PYPL. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Barclays boosted their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Keefe, Bruyette & Woods upped their price target on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Robert W. Baird lowered their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.03.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $70.97 on Tuesday. The stock has a market capitalization of $70.21 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The stock’s fifty day simple moving average is $77.93 and its 200-day simple moving average is $80.91. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week 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.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping 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 business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the company posted $1.48 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.