Sheets Smith Wealth Management lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,970 shares of the credit services provider’s stock after selling 100 shares during the period. Sheets Smith Wealth Management’s holdings in PayPal were worth $1,867,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of PYPL. Eastern Bank lifted its position in shares of PayPal by 1.5% during the 2nd quarter. Eastern Bank now owns 31,462 shares of the credit services provider’s stock valued at $5,482,000 after buying an additional 477 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in PayPal by 44.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 901,440 shares of the credit services provider’s stock worth $157,059,000 after acquiring an additional 277,914 shares in the last quarter. FormulaFolio Investments LLC raised its stake in PayPal by 7.6% during the 2nd quarter. FormulaFolio Investments LLC now owns 3,097 shares of the credit services provider’s stock worth $540,000 after acquiring an additional 219 shares during the period. Laidlaw Wealth Management LLC lifted its holdings in PayPal by 7.5% during the second quarter. Laidlaw Wealth Management LLC now owns 3,246 shares of the credit services provider’s stock valued at $566,000 after purchasing an additional 226 shares in the last quarter. Finally, tru Independence LLC boosted its position in shares of PayPal by 2,026.8% in the second quarter. tru Independence LLC now owns 1,191 shares of the credit services provider’s stock worth $208,000 after purchasing an additional 1,135 shares during the period. Institutional investors and hedge funds own 83.43% of the company’s stock.

Shares of NASDAQ PYPL traded up $7.26 during mid-day trading on Wednesday, reaching $244.90. The company had a trading volume of 7,338,587 shares, compared to its average volume of 6,605,086. The stock has a market cap of $286.95 billion, a price-to-earnings ratio of 113.20, a price-to-earnings-growth ratio of 3.42 and a beta of 1.11. PayPal Holdings, Inc. has a 52 week low of $82.07 and a 52 week high of $247.44. The business’s 50-day moving average is $226.84 and its 200-day moving average is $199.31. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Monday, November 2nd. The credit services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.13. The company had revenue of $5.46 billion during the quarter, compared to analysts’ expectations of $5.41 billion. PayPal had a net margin of 13.44% and a return on equity of 16.17%. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 2.76 earnings per share for the current year.

In other PayPal news, EVP Mark Britto sold 9,000 shares of the stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $202.27, for a total transaction of $1,820,430.00. Following the transaction, the executive vice president now directly owns 90,650 shares in the company, valued at approximately $18,335,775.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Daniel H. Schulman sold 25,000 shares of the firm’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $195.48, for a total transaction of $4,887,000.00. Following the transaction, the chief executive officer now directly owns 445,803 shares in the company, valued at approximately $87,145,570.44. The disclosure for this sale can be found here. Insiders sold 87,109 shares of company stock valued at $17,452,089 in the last quarter. 0.12% of the stock is owned by company insiders.

PYPL has been the topic of a number of recent analyst reports. Loop Capital initiated coverage on PayPal in a report on Tuesday, September 22nd. They set a “buy” rating and a $201.00 price target on the stock. Credit Suisse Group lifted their target price on PayPal from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, November 3rd. Truist dropped their price target on PayPal from $215.00 to $200.00 in a research note on Tuesday, November 3rd. Mizuho reaffirmed a “buy” rating and set a $290.00 price objective (up from $270.00) on shares of PayPal in a report on Tuesday, December 1st. Finally, Oppenheimer reissued a “buy” rating and issued a $230.00 target price on shares of PayPal in a report on Tuesday, November 3rd. Five investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $209.61.

PayPal Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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