Choreo LLC Has $331,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Choreo LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,395 shares of the credit services provider’s stock after selling 358 shares during the quarter. Choreo LLC’s holdings in PayPal were worth $331,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Nordea Investment Management AB raised its position in shares of PayPal by 420.6% in the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock valued at $190,371,000 after acquiring an additional 2,616,774 shares during the period. FMR LLC raised its holdings in PayPal by 29.5% in the third quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after purchasing an additional 1,575,930 shares during the period. LSV Asset Management boosted its position in shares of PayPal by 271.6% during the third quarter. LSV Asset Management now owns 1,533,300 shares of the credit services provider’s stock worth $89,637,000 after purchasing an additional 1,120,700 shares in the last quarter. Morgan Stanley grew its holdings in shares of PayPal by 4.5% in the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after buying an additional 873,181 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in shares of PayPal by 56.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,395,312 shares of the credit services provider’s stock valued at $140,030,000 after buying an additional 864,684 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 1.9 %

Shares of NASDAQ:PYPL opened at $65.70 on Friday. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54. The business has a 50 day moving average of $63.56 and a 200-day moving average of $60.44. The company has a quick ratio of 1.29, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market cap of $68.73 billion, a PE ratio of 16.55, a P/E/G ratio of 1.22 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PYPL. UBS Group lifted their target price on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday. Evercore ISI boosted their price objective on PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Wednesday. Royal Bank of Canada increased their target price on PayPal from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $66.00 price target (down previously from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. Finally, Susquehanna increased their price objective on shares of PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Twenty-five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, PayPal presently has a consensus rating of “Hold” and an average price target of $72.73.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate 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.