Flossbach Von Storch SE Sells 90,005 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Flossbach Von Storch SE trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 492,193 shares of the credit services provider's stock after selling 90,005 shares during the period. Flossbach Von Storch SE owned 0.05% of PayPal worth $32,116,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after buying an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of PayPal in the fourth quarter valued at about $248,000. Assetmark Inc. increased its holdings in shares of PayPal by 492.4% in the fourth quarter. Assetmark Inc. now owns 1,410 shares of the credit services provider's stock valued at $120,000 after purchasing an additional 1,172 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of PayPal in the fourth quarter valued at about $216,000. Finally, OFI Invest Asset Management acquired a new position in shares of PayPal in the fourth quarter valued at about $45,000. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PYPL. Canaccord Genuity Group reissued a "buy" rating and issued a $96.00 price objective on shares of PayPal in a report on Wednesday, April 30th. Macquarie dropped their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Truist Financial started coverage on PayPal in a report on Monday, June 2nd. They set a "sell" rating and a $68.00 target price on the stock. BMO Capital Markets dropped their target price on PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Finally, Citigroup dropped their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $83.42.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director owned 13,976 shares in the company, valued at $1,020,248. This represents a 21.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Suzan Kereere sold 4,162 shares of the company'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 $304,824.88. Following the sale, the insider owned 48,483 shares in the company, valued at approximately $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 quarter. 0.08% of the stock is owned by company insiders.

PayPal Price Performance

PYPL stock opened at $75.03 on Wednesday. The business has a fifty day moving average of $71.84 and a two-hundred day moving average of $73.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock has a market cap of $72.97 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.24 and a beta of 1.45. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66.

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

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