PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Simmons Bank

Simmons Bank trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,830 shares of the credit services provider’s stock after selling 337 shares during the period. Simmons Bank’s holdings in PayPal were worth $1,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PYPL. Morgan Stanley boosted its stake in PayPal by 4.5% in 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 boosted 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 valued at $687,902,000 after purchasing an additional 78,105 shares during the period. Charles Schwab Investment Management Inc. grew its stake in PayPal by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock worth $428,449,000 after buying an additional 265,116 shares during the last quarter. FMR LLC increased its position in PayPal by 29.5% in the third quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after buying an additional 1,575,930 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in PayPal by 4.6% in the third 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 buying an additional 215,835 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.

PayPal Stock Up 0.5 %

NASDAQ PYPL traded up $0.31 on Tuesday, reaching $65.92. The stock had a trading volume of 9,223,092 shares, compared to its average volume of 16,426,242. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The business has a 50 day moving average price of $63.93 and a 200 day moving average price of $60.72. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $68.96 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 1.18 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 EPS. On average, analysts forecast that PayPal Holdings, Inc. will post 4.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on PYPL shares. Daiwa Capital Markets cut shares of PayPal from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $64.00 to $62.00 in a report on Tuesday, February 13th. UBS Group lifted their price target on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Royal Bank of Canada increased their price objective on PayPal from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Argus downgraded PayPal from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, Stephens increased their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.73.

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.