PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 444,565 shares of the credit services provider’s stock after selling 1,435 shares during the period. Financial Counselors Inc.’s holdings in PayPal were worth $37,944,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Park Place Capital Corp increased its holdings in shares of PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after acquiring an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in 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 purchasing an additional 125 shares during the last quarter. Wynn Capital LLC raised its holdings in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after purchasing an additional 130 shares in the last quarter. Finally, Avalon Trust Co lifted its position in shares of PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent analyst reports. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Piper Sandler decreased their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Macquarie lifted their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Barclays lifted their target price on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report 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 stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Price Performance

PayPal stock opened at $70.86 on Wednesday. The firm has a market capitalization of $70.10 billion, a PE ratio of 17.67, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The firm’s 50-day simple moving average is $77.61 and its 200 day simple moving average is $80.92. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the business earned $1.48 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

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.