Select Equity Group L.P. Sells 430,361 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Select Equity Group L.P. lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 36.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 752,879 shares of the credit services provider's stock after selling 430,361 shares during the period. Select Equity Group L.P. owned 0.08% of PayPal worth $64,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in PYPL. AdvisorNet Financial Inc increased its stake in shares of PayPal by 8.6% during the fourth quarter. AdvisorNet Financial Inc now owns 4,760 shares of the credit services provider's stock worth $406,000 after purchasing an additional 377 shares during the period. Oak Thistle LLC bought a new position in shares of PayPal during the fourth quarter worth approximately $209,000. Park Avenue Securities LLC increased its stake in shares of PayPal by 41.1% during the fourth quarter. Park Avenue Securities LLC now owns 41,417 shares of the credit services provider's stock worth $3,535,000 after purchasing an additional 12,071 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of PayPal by 226.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,713 shares of the credit services provider's stock worth $146,000 after purchasing an additional 1,188 shares during the period. Finally, HCR Wealth Advisors bought a new position in PayPal during the 4th quarter worth $238,000. Institutional investors own 68.32% of the company's stock.

Insiders Place Their Bets

In other PayPal 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 transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company's stock.

PayPal Trading Up 0.9%

Shares of PYPL stock opened at $72.18 on Friday. The firm has a market capitalization of $70.20 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock's fifty day simple moving average is $65.99 and its 200 day simple moving average is $77.40.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results 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 business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent research reports. Monness Crespi & Hardt lowered their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Citigroup lowered their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. JPMorgan Chase & Co. restated an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. BTIG Research restated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Evercore ISI initiated coverage on PayPal in a research note on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal has an average rating of "Moderate Buy" and a consensus price target of $83.68.

PayPal 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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