Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 108,268 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 50.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,327 shares of the credit services provider's stock after selling 108,268 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in PayPal were worth $6,704,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PYPL. Alta Wealth Advisors LLC boosted its stake in PayPal by 83.5% during the 1st quarter. Alta Wealth Advisors LLC now owns 19,018 shares of the credit services provider's stock valued at $1,241,000 after purchasing an additional 8,655 shares during the period. CNB Bank lifted its holdings in shares of PayPal by 3.8% during the first quarter. CNB Bank now owns 11,564 shares of the credit services provider's stock worth $755,000 after buying an additional 420 shares during the last quarter. PDS Planning Inc boosted its position in shares of PayPal by 10.0% in the first quarter. PDS Planning Inc now owns 3,406 shares of the credit services provider's stock valued at $222,000 after acquiring an additional 309 shares during the period. Atala Financial Inc grew its stake in shares of PayPal by 44.8% in the first quarter. Atala Financial Inc now owns 26,875 shares of the credit services provider's stock worth $1,756,000 after acquiring an additional 8,313 shares during the last quarter. Finally, Beech Hill Advisors Inc. grew its stake in shares of PayPal by 4.4% in the first quarter. Beech Hill Advisors Inc. now owns 39,325 shares of the credit services provider's stock worth $2,566,000 after acquiring an additional 1,675 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Diego Scotti sold 3,839 shares of the firm'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 transaction, the executive vice president now owns 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the director now directly owns 13,976 shares of the company's stock, valued at $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,796 shares of company stock valued at $863,028. Company insiders own 0.08% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research reports. Seaport Res Ptn downgraded shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. BMO Capital Markets reduced their target price on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Robert W. Baird upped their price target on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Finally, 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. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $83.42.

PayPal Stock Up 0.1%

Shares of NASDAQ:PYPL opened at $73.17 on Friday. 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 firm has a market cap of $71.16 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.21 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's 50-day moving average price is $69.90 and its two-hundred day moving average price is $74.80.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. PayPal's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS 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.

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