PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 453,956 shares of the credit services provider’s stock after selling 10,565 shares during the quarter. Stonegate Investment Group LLC’s holdings in PayPal were worth $30,411,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new position in shares of PayPal in the fourth quarter worth $9,267,000. Bartlett & Co. LLC grew its stake in shares of PayPal by 8.5% in the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after purchasing an additional 740 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of PayPal by 9.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock worth $53,344,000 after purchasing an additional 73,687 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of PayPal by 4.9% in the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock worth $1,183,000 after purchasing an additional 942 shares in the last quarter. Finally, Bellecapital International Ltd. grew its stake in shares of PayPal by 2.0% in the fourth quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock worth $1,332,000 after purchasing an additional 433 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

PayPal Stock Up 1.4 %

PayPal stock traded up $0.93 during mid-day trading on Tuesday, hitting $67.92. The company’s stock had a trading volume of 43,146,336 shares, compared to its average volume of 16,583,006. The firm’s 50 day moving average is $63.21 and its 200 day moving average is $60.35. The company has a market cap of $71.50 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same period last year, the business earned $0.86 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Evercore ISI increased their price target on PayPal from $56.00 to $60.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. decreased their target price on PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Susquehanna raised their target price on PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. JMP Securities raised their target price on PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 17th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Twenty-four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, PayPal presently has a consensus rating of “Hold” and an average price target of $70.72.

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.