Siemens Fonds Invest GmbH lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 53.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. Hurley Capital LLC acquired a new position in PayPal during the 4th quarter valued at approximately $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of PayPal during the fourth quarter worth $37,000. Crowley Wealth Management Inc. purchased a new stake in shares of PayPal during the fourth quarter valued at $39,000. Bank of Jackson Hole Trust acquired a new position in shares of PayPal in the 4th quarter valued at $41,000. Finally, Murphy & Mullick Capital Management Corp purchased a new position in PayPal in the 4th quarter worth $43,000. Institutional investors and hedge funds own 68.32% of the company's stock.
Insider Activity at PayPal
In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction on 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 owns 29,734 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.
PayPal Price Performance
Shares of PayPal stock traded up $0.14 on Monday, hitting $72.32. 7,429,668 shares of the company were exchanged, compared to its average volume of 11,248,854. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year 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 has a market capitalization of $70.33 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a 50-day moving average price of $65.99 and a 200 day moving average price of $77.38.
PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same period in the prior year, the business earned $1.08 EPS. The firm's quarterly revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
Analysts Set New Price Targets
PYPL has been the topic of a number of research reports. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Wells Fargo & Company lowered their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets lowered their target price on PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Macquarie reduced their price target on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Citigroup lowered their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $83.68.
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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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