Brown Advisory Inc. Trims Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Brown Advisory Inc. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 9.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,401 shares of the credit services provider's stock after selling 15,915 shares during the quarter. Brown Advisory Inc.'s holdings in PayPal were worth $13,605,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Park Place Capital Corp increased its position in shares of PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after acquiring an additional 116 shares during the period. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after purchasing an additional 125 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares during the period. Wynn Capital LLC raised its position in PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after purchasing an additional 130 shares in the last quarter. Finally, Avalon Trust Co lifted its holdings in shares of PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after buying an additional 135 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PYPL has been the subject of several recent research reports. Piper Sandler decreased their price objective on PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Monness Crespi & Hardt reduced their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Citigroup reduced their price objective on shares of PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Bank of America dropped their target price on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $83.68.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by insiders.

PayPal Trading Down 0.7 %

Shares of NASDAQ:PYPL opened at $68.05 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. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The stock has a market cap of $66.18 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.27 and a beta of 1.51. The business has a 50-day moving average price of $65.63 and a 200-day moving average price of $77.93.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.08 EPS. Equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.

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