Gibraltar Capital Management Inc. Sells 18,812 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Gibraltar Capital Management Inc. trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 15.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,318 shares of the credit services provider's stock after selling 18,812 shares during the quarter. PayPal makes up 1.5% of Gibraltar Capital Management Inc.'s holdings, making the stock its 27th largest holding. Gibraltar Capital Management Inc.'s holdings in PayPal were worth $6,807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Beverly Hills Private Wealth LLC lifted its stake in PayPal by 11.2% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 28,508 shares of the credit services provider's stock worth $1,860,000 after acquiring an additional 2,874 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in PayPal by 10.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 410,867 shares of the credit services provider's stock worth $26,809,000 after acquiring an additional 40,204 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in PayPal by 29.6% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 108,506 shares of the credit services provider's stock worth $7,080,000 after acquiring an additional 24,814 shares in the last quarter. Security National Bank of SO Dak lifted its stake in PayPal by 8.1% in the 1st quarter. Security National Bank of SO Dak now owns 13,178 shares of the credit services provider's stock worth $860,000 after acquiring an additional 987 shares in the last quarter. Finally, Financial Counselors Inc. lifted its stake in PayPal by 0.8% in the 1st quarter. Financial Counselors Inc. now owns 448,041 shares of the credit services provider's stock worth $29,235,000 after acquiring an additional 3,476 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of NASDAQ PYPL traded down $1.15 during trading hours on Tuesday, hitting $75.03. 8,751,894 shares of the company's stock were exchanged, compared to its average volume of 10,841,053. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year 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 stock has a market capitalization of $72.97 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.24 and a beta of 1.45. The company's 50-day moving average price is $71.67 and its 200-day moving average price is $73.94.

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 for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Macquarie reduced their price objective on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Arete Research set a $81.00 price objective on PayPal in a research report on Thursday, March 27th. Piper Sandler raised PayPal to a "neutral" rating and set a $74.00 price objective for the company in a research report on Tuesday, June 24th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $96.00 price objective on shares of PayPal 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 issued a strong buy rating to the company. According to MarketBeat.com, PayPal presently has an average rating of "Hold" and an average price target of $83.42.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the company'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 value of $281,168.36. Following the completion of the transaction, the executive vice president 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Deborah M. Messemer sold 3,795 shares of the company'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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock valued at $863,028 in the last quarter. Corporate insiders own 0.08% of the company's stock.

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.