O Dell Group LLC Sells 857 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

O Dell Group LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,417 shares of the credit services provider’s stock after selling 857 shares during the quarter. O Dell Group LLC’s holdings in PayPal were worth $718,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC boosted its stake in PayPal by 113.8% in 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 bought a new position in PayPal during the 3rd quarter valued at about $387,435,000. Equity Investment Corp lifted its stake 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 valued at $155,927,000 after acquiring an additional 67,497 shares during the period. Weil Company Inc. lifted its stake in PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after acquiring an additional 17,003 shares during the period. Finally, Versor Investments LP lifted its stake in PayPal by 115.9% during the 3rd quarter. Versor Investments LP now owns 26,223 shares of the credit services provider’s stock valued at $2,046,000 after acquiring an additional 14,079 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 3.3 %

PayPal stock opened at $68.16 on Tuesday. The stock has a market cap of $67.43 billion, a P/E ratio of 17.00, a PEG ratio of 1.27 and a beta of 1.52. 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’s 50 day moving average price is $81.40 and its 200-day moving average price is $81.11.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the firm posted $1.48 earnings per share. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PYPL shares. Citigroup restated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Morgan Stanley upped their target price on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Keefe, Bruyette & Woods upped their target price on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.03.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction 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 completion of the sale, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by insiders.

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.