PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 444,565 shares of the credit services provider’s stock after selling 1,435 shares during the period. Financial Counselors Inc.’s holdings in PayPal were worth $37,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. United Bank grew its stake in shares of PayPal by 9.7% during the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after purchasing an additional 794 shares during the period. Kingsview Wealth Management LLC grew its position in PayPal by 9.9% during the third quarter. Kingsview Wealth Management LLC now owns 18,318 shares of the credit services provider’s stock valued at $1,429,000 after buying an additional 1,652 shares during the period. Larson Financial Group LLC increased its holdings in PayPal by 199.1% in the third quarter. Larson Financial Group LLC now owns 8,540 shares of the credit services provider’s stock valued at $666,000 after buying an additional 5,685 shares in the last quarter. Summit Trail Advisors LLC raised its position in shares of PayPal by 27.2% in the third quarter. Summit Trail Advisors LLC now owns 12,290 shares of the credit services provider’s stock worth $959,000 after acquiring an additional 2,629 shares during the period. Finally, Douglass Winthrop Advisors LLC boosted its stake in shares of PayPal by 3.0% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 12,074 shares of the credit services provider’s stock worth $942,000 after acquiring an additional 350 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of analyst reports. Robert W. Baird reduced their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Barclays lifted their price target on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average price target of $90.03.

PayPal Stock Down 0.2 %

Shares of NASDAQ PYPL opened at $70.86 on Wednesday. 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 $77.61 and its two-hundred day moving average is $80.92. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The firm has a market cap of $70.10 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the business earned $1.48 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.