Hosking Partners LLP Decreases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Hosking Partners LLP lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 209,992 shares of the credit services provider’s stock after selling 605 shares during the quarter. Hosking Partners LLP’s holdings in PayPal were worth $17,923,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PYPL. Rosenberg Matthew Hamilton lifted its position in shares of 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 acquiring an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the 3rd quarter valued at $26,000. Sugarloaf Wealth Management LLC raised its stake in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Planning Capital Management Corp boosted its stake in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of PayPal during the fourth quarter worth $37,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Down 1.8 %

Shares of NASDAQ:PYPL opened at $70.73 on Friday. The firm’s 50-day moving average is $83.93 and its two-hundred day moving average is $80.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The firm has a market capitalization of $69.97 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 EPS. Analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and raised their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research note on Friday, December 13th. Finally, Susquehanna upped their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.97.

PayPal Company 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.