PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. reduced its holdings in PayPal Holdings, Inc. by 24.9% in Q1, now owning 125,296 shares valued at approximately $8.18 million.
• PayPal's most recent earnings report showed a 1.2% increase in revenue year-over-year, totaling $7.79 billion, while EPS exceeded analysts' expectations at $1.33.
• Insider trading activity revealed significant sales in June by directors, with one selling 3,795 shares for around $277,035, indicating a 21.36% decrease in their stock ownership.

Baillie Gifford & Co. lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 24.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,296 shares of the credit services provider's stock after selling 41,527 shares during the period. Baillie Gifford & Co.'s holdings in PayPal were worth $8,176,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Security National Bank of SO Dak lifted its position in shares of PayPal by 1.1% during the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after buying an additional 137 shares during the last quarter. Cohen & Steers Inc. lifted its position in shares of PayPal by 5.1% during the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock worth $257,000 after buying an additional 145 shares during the last quarter. Redwood Financial Network Corp lifted its position in shares of PayPal by 4.8% during the 4th quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider's stock worth $274,000 after buying an additional 147 shares during the last quarter. DMC Group LLC lifted its position in shares of PayPal by 2.0% during the 1st quarter. DMC Group LLC now owns 7,948 shares of the credit services provider's stock worth $519,000 after buying an additional 155 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC lifted its position in shares of PayPal by 4.5% during the 1st quarter. Bryn Mawr Capital Management LLC now owns 3,590 shares of the credit services provider's stock worth $234,000 after buying an additional 155 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Insider Activity at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the firm'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 transaction of $277,035.00. Following the completion of the transaction, the director owned 13,976 shares in the company, valued at $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company's stock.

PayPal Trading Down 0.8%

Shares of PYPL stock traded down $0.54 during trading hours on Wednesday, hitting $70.91. 7,134,250 shares of the company were exchanged, compared to its average volume of 11,113,404. The firm has a market cap of $68.96 billion, a PE ratio of 15.87, a PEG ratio of 1.29 and a beta of 1.45. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. 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 fifty day moving average of $73.29 and a 200 day moving average of $72.68.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results 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 net margin of 14.26% and a return on equity of 24.59%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same quarter last year, the firm posted $1.19 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on PYPL shares. Compass Point started coverage on shares of PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective for the company. Piper Sandler set a $74.00 price target on shares of PayPal in a research report on Tuesday. Robert W. Baird upped their price target on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Macquarie reduced their price target on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $84.26.

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.