DDD Partners LLC Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

DDD Partners LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 55.7% in the 4th quarter, Holdings Channel reports. The fund owned 90,729 shares of the credit services provider’s stock after selling 114,295 shares during the quarter. DDD Partners LLC’s holdings in PayPal were worth $5,572,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PYPL. Mirae Asset Global Investments Co. Ltd. raised its holdings in PayPal by 12.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock worth $144,215,000 after purchasing an additional 138,875 shares during the period. Dakota Wealth Management increased its holdings in shares of PayPal by 8.6% in the first quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock worth $566,000 after purchasing an additional 387 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in PayPal by 15.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock worth $793,000 after acquiring an additional 918 shares in the last quarter. Covestor Ltd grew its position in PayPal by 136.1% in the first quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 769 shares in the last quarter. Finally, Donaldson Capital Management LLC grew its position in PayPal by 5.3% in the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock worth $358,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 price target on shares of PayPal in a research report on Thursday, March 21st. Citigroup decreased their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Oppenheimer reaffirmed a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Wedbush reissued an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. reduced their price target on PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $70.47.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $66.57 on Thursday. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $77.95. The stock has a fifty day moving average of $61.32 and a 200-day moving average of $59.36. The company has a market capitalization of $71.35 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the company earned $1.01 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

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.