Mitchell Mcleod Pugh & Williams Inc. Sells 1,928 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Mitchell Mcleod Pugh & Williams Inc. decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 35.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,584 shares of the credit services provider’s stock after selling 1,928 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in PayPal were worth $220,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Morgan Stanley grew its stake in PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after purchasing an additional 873,181 shares during the period. Northern Trust Corp boosted its holdings in shares of PayPal by 0.7% during the 3rd quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock valued at $687,902,000 after buying an additional 78,105 shares in the last quarter. FMR LLC boosted its holdings in shares of PayPal by 29.5% during the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock valued at $404,367,000 after buying an additional 1,575,930 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of PayPal by 4.6% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,906,516 shares of the credit services provider’s stock worth $286,835,000 after buying an additional 215,835 shares during the period. Finally, Atreides Management LP increased its stake in shares of PayPal by 9.3% in the 3rd quarter. Atreides Management LP now owns 4,174,520 shares of the credit services provider’s stock worth $244,042,000 after acquiring an additional 355,411 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on PYPL shares. BTIG Research restated a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Daiwa Capital Markets downgraded PayPal from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $64.00 to $62.00 in a research note on Tuesday, February 13th. Monness Crespi & Hardt lifted their price objective on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday. Stephens reissued an “equal weight” rating and issued a $70.00 target price on shares of PayPal in a research note on Thursday, February 8th. Finally, JMP Securities lifted their price target on PayPal from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 17th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, PayPal has an average rating of “Hold” and an average price target of $70.72.

PayPal Trading Up 1.6 %

Shares of PayPal stock opened at $66.99 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The firm has a market cap of $70.52 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.23 and a beta of 1.45. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The business has a 50-day moving average price of $63.03 and a 200-day moving average price of $60.27.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

PayPal 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.