Brown Advisory Inc. Has $9.65 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Brown Advisory Inc. decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,890 shares of the credit services provider's stock after selling 11,511 shares during the quarter. Brown Advisory Inc.'s holdings in PayPal were worth $9,650,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Avalon Trust Co grew its position in shares of PayPal by 7.0% during 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. Security National Bank of SO Dak raised its position in shares of PayPal by 1.1% during the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock valued at $1,041,000 after acquiring an additional 137 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of PayPal by 5.1% during the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock valued at $257,000 after acquiring an additional 145 shares during the last quarter. Redwood Financial Network Corp lifted its stake in shares of PayPal by 4.8% in the 4th quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock valued at $274,000 after purchasing an additional 147 shares during the period. Finally, Strategic Blueprint LLC boosted its position in shares of PayPal by 4.4% in the 1st quarter. Strategic Blueprint LLC now owns 3,747 shares of the credit services provider's stock worth $245,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PYPL. Citigroup reduced their target price on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Seaport Res Ptn cut shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Truist Financial started coverage on shares of PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 target price for the company. UBS Group reduced their price target on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Finally, BMO Capital Markets lowered their price objective on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal currently has an average rating of "Hold" and a consensus target price of $83.42.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the transaction, the director directly owned 13,976 shares of the company's stock, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock worth $863,028 over the last quarter. Company insiders own 0.08% of the company's stock.

PayPal Stock Performance

Shares of PYPL traded down $4.34 during mid-day trading on Friday, reaching $71.36. The company's stock had a trading volume of 21,848,497 shares, compared to its average volume of 10,864,315. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The business has a 50-day simple moving average of $72.31 and a two-hundred day simple moving average of $73.76. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The stock has a market cap of $69.40 billion, a P/E ratio of 15.96, a PEG ratio of 1.24 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The company's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 earnings per share. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.