Gulf International Bank UK Ltd Reduces Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Gulf International Bank UK Ltd cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 26.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,605 shares of the credit services provider's stock after selling 20,063 shares during the period. Gulf International Bank UK Ltd's holdings in PayPal were worth $3,693,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of PYPL. Brighton Jones LLC boosted its stake in PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after purchasing an additional 924 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in PayPal in the 4th quarter worth approximately $248,000. Sagespring Wealth Partners LLC acquired a new stake in PayPal in the 4th quarter worth approximately $456,000. SageView Advisory Group LLC acquired a new stake in PayPal in the 4th quarter worth approximately $285,000. Finally, Cohen & Steers Inc. boosted its stake in PayPal by 5.1% in the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock worth $257,000 after purchasing an additional 145 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $1.25 during midday trading on Thursday, reaching $69.38. 10,669,716 shares of the company's stock traded hands, compared to its average volume of 12,971,066. The company has a fifty day simple moving average of $72.64 and a two-hundred day simple moving average of $71.07. 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 quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $66.28 billion, a P/E ratio of 14.82, a PEG ratio of 1.09 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same period in the prior year, the company earned $1.19 EPS. Equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Barclays reiterated an "overweight" rating on shares of PayPal in a research note on Tuesday, July 29th. Royal Bank Of Canada restated an "outperform" rating and set a $88.00 price objective on shares of PayPal in a research note on Thursday, June 26th. Compass Point began coverage on shares of PayPal in a research note on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective for the company. Robert W. Baird lifted their price objective on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Truist Financial began coverage on shares of PayPal in a research note on Monday, June 2nd. They set a "sell" rating and a $68.00 price objective for the company. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, PayPal currently has an average rating of "Hold" and a consensus price target of $85.00.

Insider Transactions at PayPal

In related news, CAO Chris Natali sold 7,102 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction on Friday, June 6th. The shares were 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 directly owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,736 shares of company stock valued at $1,620,835 in the last 90 days. 0.08% of the stock is owned by company insiders.

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.