PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Dodge & Cox

Dodge & Cox trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,050 shares of the credit services provider’s stock after selling 350 shares during the period. Dodge & Cox’s holdings in PayPal were worth $943,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PYPL. Bridgewater Associates LP boosted its position in PayPal by 93.1% during the 4th quarter. Bridgewater Associates LP now owns 2,358,408 shares of the credit services provider’s stock worth $201,290,000 after purchasing an additional 1,136,947 shares during the period. Lafayette Investments Inc. boosted its position in shares of PayPal by 2.9% in the fourth quarter. Lafayette Investments Inc. now owns 54,394 shares of the credit services provider’s stock worth $4,643,000 after buying an additional 1,549 shares during the period. Schwerin Boyle Capital Management Inc. grew its stake in shares of PayPal by 1.2% in the fourth quarter. Schwerin Boyle Capital Management Inc. now owns 78,424 shares of the credit services provider’s stock valued at $6,693,000 after buying an additional 950 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of PayPal during the 4th quarter valued at about $399,000. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in PayPal during the 4th quarter worth approximately $24,739,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods cut their price objective on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. Monness Crespi & Hardt lowered their target price on PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Friday, February 28th. Sixteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.03.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $62.00 on Wednesday. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a market cap of $61.33 billion, a PE ratio of 15.46, a P/E/G ratio of 1.27 and a beta of 1.60. The stock has a 50 day simple moving average of $69.21 and a 200-day simple moving average of $79.53. 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 released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the business posted $1.48 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Company 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.