Picton Mahoney Asset Management Has $107,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Picton Mahoney Asset Management trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 99.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,266 shares of the credit services provider’s stock after selling 149,269 shares during the quarter. Picton Mahoney Asset Management’s holdings in PayPal were worth $107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Management Associates NY increased its position in PayPal by 25.0% in the fourth quarter. Capital Management Associates NY now owns 15,000 shares of the credit services provider’s stock worth $1,280,000 after purchasing an additional 3,000 shares during the period. Wellington Shields & Co. LLC increased its position in PayPal by 28.2% in the fourth quarter. Wellington Shields & Co. LLC now owns 4,083 shares of the credit services provider’s stock worth $348,000 after purchasing an additional 898 shares during the period. Sienna Gestion increased its position in PayPal by 1,455.8% in the fourth quarter. Sienna Gestion now owns 111,038 shares of the credit services provider’s stock worth $9,476,000 after purchasing an additional 103,901 shares during the period. Midwest Professional Planners LTD. increased its position in PayPal by 48.4% in the fourth quarter. Midwest Professional Planners LTD. now owns 9,143 shares of the credit services provider’s stock worth $780,000 after purchasing an additional 2,980 shares during the period. Finally, Left Brain Wealth Management LLC acquired a new position in shares of PayPal during the 4th quarter worth about $283,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Up 3.0 %

Shares of PayPal stock opened at $68.95 on Monday. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The stock has a market cap of $68.21 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 1.52. 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 business’s 50 day moving average is $79.96 and its 200-day moving average is $81.02.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the business posted $1.48 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PYPL. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Macquarie boosted their target price on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average target price of $90.03.

Insider Transactions at PayPal

In related 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 directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.