Sterling Capital Management LLC Has $1.41 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sterling Capital Management LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 16,468 shares of the credit services provider’s stock after selling 2,199 shares during the period. Sterling Capital Management LLC’s holdings in PayPal were worth $1,406,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC grew its position in PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after purchasing an additional 3,976 shares in the last quarter. Nikko Asset Management Americas Inc. increased its position in shares of PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock valued at $59,489,000 after acquiring an additional 18,172 shares during the last quarter. ExodusPoint Capital Management LP raised its holdings in PayPal by 223.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider’s stock worth $22,622,000 after acquiring an additional 183,011 shares in the last quarter. StoneX Group Inc. boosted its position in PayPal by 70.4% during the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider’s stock valued at $2,326,000 after purchasing an additional 11,260 shares during the last quarter. Finally, Fortem Financial Group LLC grew its stake in shares of PayPal by 28.0% in the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock valued at $2,842,000 after buying an additional 7,291 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were 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 $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

PayPal Stock Performance

PYPL opened at $62.27 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a market cap of $61.60 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.27 and a beta of 1.60. The company’s fifty day moving average price is $69.54 and its two-hundred day moving average price is $79.65. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PYPL. Macquarie raised their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Barclays upped their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Robert W. Baird dropped their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Evercore ISI initiated coverage on PayPal in a report on Wednesday, April 9th. They issued an “in-line” rating and a $65.00 price objective on the stock. Sixteen 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 stock. According to MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus price target of $88.00.

About PayPal

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.