PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 370,663 shares of the credit services provider’s stock after selling 2,866 shares during the period. PayPal makes up 0.6% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 27th largest holding. Crossmark Global Holdings Inc.’s holdings in PayPal were worth $31,636,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its position in shares of PayPal by 56.5% in the 2nd quarter. Intech Investment Management LLC now owns 43,608 shares of the credit services provider’s stock worth $2,531,000 after buying an additional 15,736 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in PayPal by 29.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 23,112 shares of the credit services provider’s stock worth $1,341,000 after acquiring an additional 5,251 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of PayPal by 14.3% during the 2nd quarter. AE Wealth Management LLC now owns 27,523 shares of the credit services provider’s stock worth $1,597,000 after purchasing an additional 3,448 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of PayPal by 2.5% during the 2nd quarter. Pacer Advisors Inc. now owns 128,170 shares of the credit services provider’s stock worth $7,438,000 after purchasing an additional 3,130 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in PayPal by 35.4% in the 2nd quarter. Sei Investments Co. now owns 147,259 shares of the credit services provider’s stock valued at $8,545,000 after buying an additional 38,488 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 3.3 %

Shares of NASDAQ:PYPL opened at $91.81 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66. The company’s fifty day moving average is $87.40 and its two-hundred day moving average is $76.97. The stock has a market capitalization of $92.04 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 1.57 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Monness Crespi & Hardt upped their target price on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company raised their price target on shares of PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Finally, Barclays lifted their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.32.

About PayPal

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.