Private Wealth Partners LLC Cuts Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Private Wealth Partners LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,840 shares of the credit services provider’s stock after selling 362 shares during the period. Private Wealth Partners LLC’s holdings in PayPal were worth $236,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Handelsbanken Fonder AB boosted its holdings in shares of PayPal by 1.9% during the third quarter. Handelsbanken Fonder AB now owns 284,734 shares of the credit services provider’s stock worth $16,646,000 after purchasing an additional 5,276 shares during the period. Simplicity Solutions LLC raised its stake in PayPal by 23.5% in the third quarter. Simplicity Solutions LLC now owns 15,350 shares of the credit services provider’s stock worth $897,000 after buying an additional 2,922 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in PayPal by 21.8% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,194 shares of the credit services provider’s stock worth $245,000 after buying an additional 752 shares in the last quarter. Clarius Group LLC increased its stake in shares of PayPal by 11.8% during the third quarter. Clarius Group LLC now owns 7,606 shares of the credit services provider’s stock valued at $445,000 after purchasing an additional 802 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. increased its stake in shares of PayPal by 0.5% during the third quarter. Penn Davis Mcfarland Inc. now owns 413,170 shares of the credit services provider’s stock valued at $24,154,000 after purchasing an additional 1,985 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

Shares of PYPL traded up $1.86 during trading hours on Friday, reaching $65.96. 14,190,444 shares of the stock traded hands, compared to its average volume of 9,031,016. The company has a market cap of $69.43 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $62.87 and its two-hundred day moving average price is $60.16.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. The business had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 EPS. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

Analysts Set New Price Targets

PYPL has been the subject of a number of analyst reports. Wells Fargo & Company raised their target price on shares of PayPal from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Stephens reissued an “equal weight” rating and set a $70.00 price target on shares of PayPal in a research report on Thursday, February 8th. Daiwa Capital Markets downgraded shares of PayPal from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $64.00 to $62.00 in a research report on Tuesday, February 13th. Mizuho reduced their price target on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Finally, Susquehanna raised their price target on shares of PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.47.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

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.