PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 466,489 shares of the credit services provider's stock after selling 52,807 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in PayPal were worth $28,619,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System acquired a new stake in shares of PayPal during the 4th quarter valued at approximately $9,267,000. Bartlett & Co. LLC grew its stake in PayPal by 8.5% during the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider's stock worth $594,000 after buying an additional 740 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in PayPal by 9.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider's stock worth $53,344,000 after buying an additional 73,687 shares during the last quarter. Sunbelt Securities Inc. grew its stake in PayPal by 4.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider's stock worth $1,183,000 after buying an additional 942 shares during the last quarter. Finally, Bellecapital International Ltd. grew its stake in PayPal by 2.0% during the 4th quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider's stock worth $1,332,000 after buying an additional 433 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Oppenheimer restated a "market perform" rating on shares of PayPal in a research note on Thursday, January 25th. BTIG Research reissued a "neutral" rating on shares of PayPal in a research note on Friday, January 5th. JMP Securities increased their price target on PayPal from $68.00 to $70.00 and gave the stock a "market outperform" rating in a research note on Wednesday, April 17th. Royal Bank of Canada reissued an "outperform" rating and issued a $74.00 price target on shares of PayPal in a research note on Thursday, March 21st. Finally, Susquehanna increased their price target on PayPal from $61.00 to $65.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 24th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $70.47.

PayPal Stock Up 1.4 %

PYPL stock traded up $0.88 during mid-day trading on Monday, hitting $63.19. The stock had a trading volume of 9,949,938 shares, compared to its average volume of 16,494,527. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The company has a fifty day moving average of $62.40 and a 200 day moving average of $60.00. The stock has a market capitalization of $66.52 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.38 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business's revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.04 EPS for the current fiscal year.

Insider Activity

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares of the company's stock, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

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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