Taika Capital LP Sells 51,916 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Taika Capital LP decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 87.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,783 shares of the credit services provider’s stock after selling 51,916 shares during the period. Taika Capital LP’s holdings in PayPal were worth $664,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PYPL. Park Place Capital Corp raised its stake in shares of PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after acquiring an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings 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 buying an additional 125 shares during the period. JFS Wealth Advisors LLC grew its position in shares of PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after buying an additional 125 shares in the last quarter. Wynn Capital LLC grew its position in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after buying an additional 130 shares in the last quarter. Finally, Brave Asset Management Inc. grew its position in shares of PayPal by 5.2% during the 4th quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after buying an additional 141 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PYPL. Robert W. Baird dropped their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Macquarie increased their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Piper Sandler dropped their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, Susquehanna increased their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

PayPal Trading Up 3.5 %

PayPal stock opened at $70.48 on Monday. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The stock has a 50-day moving average price of $81.75 and a 200 day moving average price of $81.13. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $69.72 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS 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 the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.