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

Taika Capital LP lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 87.0% during the 4th quarter, according to its most recent filing with the SEC. The firm 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PYPL. Mizuho Securities USA LLC lifted its holdings in PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after acquiring an additional 10,419,351 shares during the period. FMR LLC lifted its holdings in PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. World Investment Advisors LLC bought a new position in PayPal in the third quarter valued at about $387,435,000. Robeco Institutional Asset Management B.V. lifted its holdings in PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after acquiring an additional 2,689,162 shares during the period. Finally, Raymond James Financial Inc. bought a new position in PayPal in the fourth quarter valued at about $135,537,000. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

PYPL has been the topic of a number of recent research reports. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Susquehanna raised their target price on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.03.

PayPal Trading Up 3.5 %

Shares of PYPL opened at $70.48 on Monday. The company’s fifty day moving average is $81.75 and its 200 day moving average is $81.13. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The stock has a market capitalization of $69.72 billion, a PE ratio of 17.58, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

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, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the business posted $1.48 earnings per share. PayPal’s quarterly revenue was up 4.2% on a year-over-year basis. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was 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 of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

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.