Natixis Advisors LLC Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Natixis Advisors LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.0% in the 4th quarter, HoldingsChannel reports. The fund owned 526,423 shares of the credit services provider’s stock after selling 64,800 shares during the quarter. Natixis Advisors LLC’s holdings in PayPal were worth $44,931,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. United Bank raised its position in PayPal by 9.7% during the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after purchasing an additional 794 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in shares of PayPal by 12.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,862 shares of the credit services provider’s stock worth $1,082,000 after acquiring an additional 1,555 shares in the last quarter. Seizert Capital Partners LLC bought a new position in shares of PayPal in the 3rd quarter worth approximately $34,374,000. Sather Financial Group Inc raised its position in shares of PayPal by 11.4% in the 3rd quarter. Sather Financial Group Inc now owns 749,481 shares of the credit services provider’s stock worth $58,482,000 after acquiring an additional 76,895 shares in the last quarter. Finally, Atlanta Consulting Group Advisors LLC bought a new position in shares of PayPal in the 3rd quarter worth approximately $222,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Performance

PYPL stock opened at $68.95 on Monday. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. The stock’s fifty day moving average price is $79.96 and its 200-day moving average price is $81.02. The company has a market cap of $68.21 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 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 period last year, the firm earned $1.48 EPS. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

PYPL has been the subject of several research reports. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Morgan Stanley upped their price target on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Fourteen equities research 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value 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. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by insiders.

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.