Sage Capital Advisors llc Sells 478 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Sage Capital Advisors llc reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 21,938 shares of the credit services provider’s stock after selling 478 shares during the quarter. Sage Capital Advisors llc’s holdings in PayPal were worth $1,872,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its stake in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after buying an additional 7,767,072 shares during the period. Mizuho Securities USA LLC lifted its holdings in shares of PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. Legal & General Group Plc grew its position in PayPal by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock valued at $501,184,000 after purchasing an additional 276,287 shares during the period. Clearbridge Investments LLC increased its stake in PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares in the last quarter. Finally, Primecap Management Co. CA raised its holdings in PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after buying an additional 1,069,356 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL traded down $4.30 during trading hours on Friday, reaching $83.64. 6,871,267 shares of the company’s stock traded hands, compared to its average volume of 6,706,557. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm’s 50 day simple moving average is $86.51 and its 200-day simple moving average is $75.52. The stock has a market cap of $83.85 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. PayPal Holdings, Inc. has a 12 month low of $55.77 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on PYPL. Deutsche Bank Aktiengesellschaft upped their target price on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Wells Fargo & Company raised their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Stephens upped their price target on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Robert W. Baird upped their target price on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.65.

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.