PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Trimmed by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 532,767 shares of the credit services provider's stock after selling 7,258 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of PayPal worth $34,763,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal in the 4th quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in shares of PayPal in the fourth quarter worth $27,000. Garde Capital Inc. acquired a new stake in PayPal in the first quarter valued at $28,000. Bernard Wealth Management Corp. bought a new position in PayPal during the 4th quarter valued at $34,000. Finally, Pinney & Scofield Inc. acquired a new position in PayPal during the 4th quarter worth $35,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Insider Buying and Selling at PayPal

In other news, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director now owns 13,976 shares in the company, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction on 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 now directly owns 48,483 shares in the company, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,796 shares of company stock valued at $863,028. 0.08% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Morgan Stanley upped their price objective on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Keefe, Bruyette & Woods reduced their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday, March 31st. Barclays lowered their price target on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Macquarie reduced their price objective on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $83.42.

PayPal Price Performance

Shares of PayPal stock traded down $0.51 on Wednesday, hitting $73.07. The company had a trading volume of 7,845,195 shares, compared to its average volume of 10,997,503. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week 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 company has a market cap of $71.06 billion, a PE ratio of 16.35, a PEG ratio of 1.19 and a beta of 1.45. The business has a 50-day simple moving average of $69.40 and a 200-day simple moving average of $74.93.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.08 EPS. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.