Siemens Fonds Invest GmbH Sells 25,669 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Siemens Fonds Invest GmbH trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 53.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,739 shares of the credit services provider's stock after selling 25,669 shares during the period. Siemens Fonds Invest GmbH's holdings in PayPal were worth $1,941,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PYPL. Park Place Capital Corp lifted its position in shares of PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after purchasing an additional 116 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in shares of PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after acquiring an additional 125 shares during the period. Avalon Trust Co increased its position in PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after acquiring an additional 135 shares during the period. Security National Bank of SO Dak boosted its holdings in PayPal by 1.1% in the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock valued at $1,041,000 after purchasing an additional 137 shares during the period. Finally, Stegent Equity Advisors Inc. increased its holdings in shares of PayPal by 3.2% during the 4th quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock worth $388,000 after purchasing an additional 142 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were 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. This represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on PYPL. Robert W. Baird upped their price target on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. Bank of America cut their target price on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Evercore ISI initiated coverage on PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price for the company. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Macquarie reduced their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $83.68.

PayPal Stock Performance

NASDAQ:PYPL traded down $0.63 during mid-day trading on Wednesday, hitting $71.98. The stock had a trading volume of 3,534,203 shares, compared to its average volume of 11,227,809. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The company's 50 day simple moving average is $66.17 and its 200 day simple moving average is $77.31. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $70.01 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating 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 net margin of 13.04% and a return on equity of 23.67%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 earnings per share. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.