PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by 55I LLC

55I LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 52.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,139 shares of the credit services provider’s stock after selling 3,505 shares during the quarter. 55I LLC’s holdings in PayPal were worth $592,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Arlington Partners LLC raised its stake in shares of PayPal by 9.3% during the 4th quarter. Arlington Partners LLC now owns 2,747 shares of the credit services provider’s stock worth $518,000 after buying an additional 233 shares during the period. Charles Carroll Financial Partners LLC acquired a new position in shares of PayPal during the 4th quarter worth approximately $2,291,000. Man Group plc raised its stake in shares of PayPal by 154.5% during the 3rd quarter. Man Group plc now owns 375,716 shares of the credit services provider’s stock worth $97,764,000 after buying an additional 228,090 shares during the period. Oxbow Advisors LLC raised its stake in shares of PayPal by 10.2% during the 3rd quarter. Oxbow Advisors LLC now owns 28,320 shares of the credit services provider’s stock worth $7,369,000 after buying an additional 2,613 shares during the period. Finally, Riverbridge Partners LLC purchased a new stake in shares of PayPal during the fourth quarter worth approximately $34,934,000. 75.90% of the stock is owned by institutional investors and hedge funds.

In other PayPal news, EVP Peggy Alford sold 4,245 shares of the stock in a transaction dated Friday, February 4th. The stock was sold at an average price of $124.34, for a total value of $527,823.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jonathan Auerbach sold 40,749 shares of the stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $100.62, for a total value of $4,100,164.38. The disclosure for this sale can be found here. Insiders acquired a total of 16,900 shares of company stock worth $1,969,592 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

Several brokerages recently commented on PYPL. JPMorgan Chase & Co. dropped their price target on PayPal from $272.00 to $190.00 and set an “overweight” rating for the company in a research report on Wednesday, February 2nd. Cowen dropped their price target on PayPal from $174.00 to $104.00 in a research report on Thursday, April 28th. DA Davidson dropped their price target on PayPal from $166.00 to $144.00 in a research report on Tuesday, April 26th. Bank of America cut PayPal from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $175.00 to $107.00 in a research report on Wednesday, March 9th. Finally, Canaccord Genuity Group dropped their price target on PayPal from $315.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday, February 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty have given a buy rating to the stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Buy” and an average target price of $152.83.

PYPL opened at $92.72 on Thursday. The stock’s 50-day moving average price is $104.58 and its 200 day moving average price is $155.67. PayPal Holdings, Inc. has a 12-month low of $82.12 and a 12-month high of $310.16. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.40. The firm has a market cap of $107.37 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.92 and a beta of 1.39.

PayPal (NASDAQ:PYPLGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88. PayPal had a return on equity of 17.90% and a net margin of 13.87%. During the same period last year, the company posted $0.91 EPS. On average, research analysts forecast that PayPal Holdings, Inc. will post 2.7 earnings per share for the current year.

About PayPal (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

Further Reading

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.