Blair William & Co. IL Lowers Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Blair William & Co. IL cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 9.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 184,395 shares of the credit services provider's stock after selling 18,533 shares during the period. Blair William & Co. IL's holdings in PayPal were worth $12,032,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its position in PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after purchasing an additional 2,161,582 shares during the period. Capital Research Global Investors boosted its position in PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after purchasing an additional 9,313,783 shares during the period. Northern Trust Corp boosted its position in PayPal by 19.0% during the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after purchasing an additional 1,669,908 shares during the period. Invesco Ltd. boosted its position in PayPal by 1.8% during the 4th quarter. Invesco Ltd. now owns 8,283,915 shares of the credit services provider's stock worth $707,032,000 after purchasing an additional 144,402 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in PayPal by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider's stock worth $651,619,000 after purchasing an additional 1,114,858 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

NASDAQ PYPL opened at $68.01 on Tuesday. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock has a market cap of $64.98 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.42. The company has a 50-day moving average price of $73.10 and a two-hundred day moving average price of $72.01.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The firm had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. Analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on PYPL. Piper Sandler set a $74.00 price target on shares of PayPal in a research report on Tuesday, July 29th. JMP Securities cut their price objective on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a report on Wednesday, July 30th. BMO Capital Markets reiterated a "market perform" rating on shares of PayPal in a report on Tuesday, July 29th. Deutsche Bank Aktiengesellschaft set a $75.00 price objective on shares of PayPal in a report on Tuesday, July 29th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, PayPal has an average rating of "Moderate Buy" and an average target price of $84.57.

Insider Activity at PayPal

In other news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president directly owned 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the transaction, the insider owned 48,483 shares of the company's stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,736 shares of company stock valued at $1,620,835. Insiders own 0.08% of the company's stock.

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.

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