Clifford Swan Investment Counsel LLC Sells 23,165 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Clifford Swan Investment Counsel LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,294 shares of the credit services provider's stock after selling 23,165 shares during the quarter. Clifford Swan Investment Counsel LLC's holdings in PayPal were worth $12,547,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in PayPal by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after acquiring an additional 271,836 shares during the period. FMR LLC lifted 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 valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the period. Capital Research Global Investors lifted 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 valued at $1,529,823,000 after acquiring an additional 9,313,783 shares during the period. Norges Bank purchased a new position in PayPal during the 4th quarter valued at about $1,086,508,000. Finally, Northern Trust Corp lifted 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 valued at $892,953,000 after acquiring an additional 1,669,908 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PYPL has been the topic of several recent analyst reports. Compass Point initiated coverage on shares of PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective on the stock. Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Arete Research set a $81.00 price target on shares of PayPal in a research note on Thursday, March 27th. 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 report on Monday, April 14th. Finally, Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $83.13.

Insider Buying and Selling at PayPal

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the sale, the director owned 13,976 shares of the company's stock, valued at $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total value 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 have sold 11,796 shares of company stock worth $863,028 over the last 90 days. 0.08% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

Shares of NASDAQ PYPL traded up $1.48 during mid-day trading on Monday, hitting $75.65. The company had a trading volume of 1,476,253 shares, compared to its average volume of 10,847,634. The stock has a market cap of $73.57 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.22 and a beta of 1.45. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The firm's 50 day simple moving average is $72.75 and its two-hundred day simple moving average is $73.13.

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