TIAA Trust National Association trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 2.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,594 shares of the credit services provider's stock after selling 4,214 shares during the period. TIAA Trust National Association's holdings in PayPal were worth $11,262,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal during the 4th quarter valued at about $25,000. Hurley Capital LLC purchased a new position in shares of PayPal during the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. purchased a new position in shares of PayPal during the 4th quarter valued at about $34,000. Pinney & Scofield Inc. purchased a new position in shares of PayPal during the 4th quarter valued at about $35,000. Finally, Evermay Wealth Management LLC raised its holdings in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after buying an additional 363 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
PYPL has been the topic of a number of research reports. UBS Group decreased their price objective on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Compass Point started coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target on the stock. Citigroup reaffirmed a "buy" rating on shares of PayPal in a research note on Tuesday. Finally, Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a research note on Saturday. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.57.
View Our Latest Stock Analysis on PYPL
Insider Buying and Selling
In other PayPal news, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director owned 13,976 shares of the company's stock, valued at $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,736 shares of company stock worth $1,620,835 over the last three months. 0.08% of the stock is owned by corporate insiders.
PayPal Trading Down 2.4%
NASDAQ PYPL opened at $67.11 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The firm has a market capitalization of $64.12 billion, a PE ratio of 14.34, a P/E/G ratio of 1.03 and a beta of 1.42. The stock's 50 day moving average is $73.14 and its 200 day moving average is $72.29.
PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share 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 company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. During the same period in the previous year, the company posted $1.19 earnings per share. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
About PayPal
(
Free Report)
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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