Hel Ved Capital Management Ltd Trims Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Hel Ved Capital Management Ltd lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 25.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 31,050 shares of the credit services provider’s stock after selling 10,750 shares during the quarter. Hel Ved Capital Management Ltd’s holdings in PayPal were worth $2,650,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the third quarter worth $26,000. Rosenberg Matthew Hamilton lifted its position in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC boosted its stake in shares of PayPal by 344.3% during 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 in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of PayPal during the third quarter valued at about $36,000. Finally, Modus Advisors LLC purchased a new stake in PayPal in the fourth quarter worth about $37,000. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PYPL. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Susquehanna raised their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Robert W. Baird lowered their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a report on Friday, December 13th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $89.13.

PayPal Price Performance

NASDAQ PYPL opened at $58.37 on Friday. The business’s fifty day moving average is $73.65 and its 200 day moving average is $80.52. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $57.74 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the company posted $1.48 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the 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 completion of the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

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.