Bridges Investment Management Inc. Has $343,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bridges Investment Management Inc. lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 57.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,259 shares of the credit services provider's stock after selling 7,125 shares during the quarter. Bridges Investment Management Inc.'s holdings in PayPal were worth $343,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the 4th quarter worth about $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal during the 4th quarter worth about $27,000. Garde Capital Inc. acquired a new stake in shares of PayPal during the 1st quarter worth about $28,000. Tsfg LLC lifted its stake in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after buying an additional 200 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in PayPal during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Bank of America lowered their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Barclays lowered their price target on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Monness Crespi & Hardt lowered their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $83.42.

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director owned 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was 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 in the company, valued at $3,550,894.92. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock worth $863,028 in the last ninety days. Company insiders own 0.08% of the company's stock.

PayPal Stock Up 1.2%

NASDAQ:PYPL opened at $75.70 on Friday. The firm's 50 day simple moving average is $72.23 and its 200 day simple moving average is $73.87. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a market cap of $73.62 billion, a PE ratio of 16.94, a P/E/G ratio of 1.22 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the company earned $1.08 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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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