Hel Ved Capital Management Ltd Has $2.65 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Hel Ved Capital Management Ltd lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 25.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,050 shares of the credit services provider’s stock after selling 10,750 shares during the period. Hel Ved Capital Management Ltd’s holdings in PayPal were worth $2,650,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in PayPal by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock valued at $1,849,884,000 after purchasing an additional 271,836 shares in the last quarter. Norges Bank acquired a new position in shares of PayPal during the fourth quarter valued at about $1,086,508,000. Artisan Partners Limited Partnership increased its position in shares of PayPal by 284.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock worth $666,100,000 after acquiring an additional 5,772,198 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of PayPal by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider’s stock worth $564,631,000 after acquiring an additional 84,337 shares during the last quarter. Finally, World Investment Advisors LLC bought a new position in PayPal in the 3rd quarter valued at about $387,435,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $58.37 on Friday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $57.74 billion, a PE ratio of 14.56, a P/E/G ratio of 1.27 and a beta of 1.60. The firm has a 50 day simple moving average of $73.65 and a two-hundred day simple moving average of $80.52.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating 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 business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the business posted $1.48 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Susquehanna increased their price objective on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a report on Friday, December 13th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Sixteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.13.

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.