PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Choreo LLC

Choreo LLC trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,991 shares of the credit services provider’s stock after selling 132 shares during the quarter. Choreo LLC’s holdings in PayPal were worth $1,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC grew its stake in PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC purchased a new stake in PayPal during the 3rd quarter worth about $387,435,000. United Advisor Group LLC purchased a new stake in PayPal during the 3rd quarter worth about $810,000. FCG Investment Co purchased a new stake in PayPal during the 3rd quarter worth about $1,079,000. Finally, Equity Investment Corp lifted its holdings in PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after buying an additional 67,497 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a report on Friday, December 13th. Morgan Stanley decreased their price target on PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a report on Wednesday. Barclays boosted their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Monness Crespi & Hardt boosted their target price on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Susquehanna boosted their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.29.

PayPal Stock Performance

PYPL opened at $77.31 on Friday. The stock has a market cap of $76.48 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50 day simple moving average is $87.71 and its 200 day simple moving average is $79.38. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the company earned $1.48 EPS. PayPal’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

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.