Alan B Lancz & Associates Inc. Sells 750 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Alan B Lancz & Associates Inc. cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,143 shares of the credit services provider’s stock after selling 750 shares during the period. Alan B Lancz & Associates Inc.’s holdings in PayPal were worth $254,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Morgan Stanley lifted its holdings in shares of PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after acquiring an additional 873,181 shares during the period. Northern Trust Corp grew its position in PayPal by 0.7% during the 3rd quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock worth $687,902,000 after acquiring an additional 78,105 shares during the last quarter. FMR LLC increased its holdings in PayPal by 29.5% during the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock valued at $404,367,000 after purchasing an additional 1,575,930 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in PayPal by 4.6% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,906,516 shares of the credit services provider’s stock valued at $286,835,000 after purchasing an additional 215,835 shares during the last quarter. Finally, Atreides Management LP boosted its stake in PayPal by 9.3% in the third quarter. Atreides Management LP now owns 4,174,520 shares of the credit services provider’s stock worth $244,042,000 after purchasing an additional 355,411 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

PayPal stock traded down $1.28 during midday trading on Friday, reaching $65.70. 15,435,157 shares of the company’s stock were exchanged, compared to its average volume of 12,651,739. The stock’s 50-day simple moving average is $63.56 and its 200 day simple moving average is $60.44. The firm has a market cap of $68.73 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 1.22 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.28. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 4.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research reports. Evercore ISI raised their target price on PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $66.00 target price (down from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. Citigroup decreased their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. TD Cowen raised their price target on shares of PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Wells Fargo & Company upped their price objective on PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus price target of $72.73.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction dated Friday, March 1st. The shares were 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 owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

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.