Siemens Fonds Invest GmbH Sells 25,669 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Siemens Fonds Invest GmbH cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 53.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,739 shares of the credit services provider's stock after selling 25,669 shares during the quarter. Siemens Fonds Invest GmbH's holdings in PayPal were worth $1,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. JFS Wealth Advisors LLC grew its holdings in shares of PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after acquiring an additional 125 shares in the last quarter. Avalon Trust Co grew its holdings in shares of PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after acquiring an additional 135 shares in the last quarter. Security National Bank of SO Dak grew its holdings in shares of PayPal by 1.1% in the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock valued at $1,041,000 after acquiring an additional 137 shares in the last quarter. Stegent Equity Advisors Inc. grew its holdings in shares of PayPal by 3.2% in the fourth quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock valued at $388,000 after acquiring an additional 142 shares in the last quarter. Finally, Cohen & Steers Inc. grew its holdings in PayPal by 5.1% during the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock valued at $257,000 after purchasing an additional 145 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 0.1%

Shares of PYPL traded down $0.04 during trading hours on Wednesday, hitting $71.44. The company had a trading volume of 6,271,190 shares, compared to its average volume of 11,202,010. The firm has a market cap of $69.48 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.27 and a beta of 1.51. The stock's 50 day moving average price is $66.34 and its 200 day moving average price is $76.93. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research reports. Bank of America reduced their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Piper Sandler reduced their price objective on PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Morgan Stanley increased their price objective on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Royal Bank of Canada reduced their price objective on PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Finally, Keefe, Bruyette & Woods reduced their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and an average target price of $83.68.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. This trade represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by 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.