Aristotle Capital Management LLC Sells 11,171 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Aristotle Capital Management LLC lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,619 shares of the credit services provider's stock after selling 11,171 shares during the quarter. Aristotle Capital Management LLC's holdings in PayPal were worth $15,245,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Hurley Capital LLC bought a new stake in PayPal during the fourth quarter worth approximately $27,000. Rosenberg Matthew Hamilton lifted its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its stake in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of PayPal during the 4th quarter worth $37,000. Finally, Modus Advisors LLC acquired a new position in shares of PayPal in the 4th quarter worth $37,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL stock traded down $0.49 during trading on Tuesday, reaching $68.05. The company had a trading volume of 7,553,979 shares, compared to its average volume of 11,247,413. The company has a market capitalization of $66.18 billion, a PE ratio of 16.97, a PEG ratio of 1.27 and a beta of 1.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm's 50 day simple moving average is $65.68 and its two-hundred day simple moving average is $78.00. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PYPL. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Monness Crespi & Hardt reduced their price objective on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird lifted their target price on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. UBS Group reduced their price target on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Finally, Arete Research set a $81.00 price objective on shares of PayPal in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal 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 transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

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.