PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Greenleaf Trust

Greenleaf Trust decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 188,577 shares of the credit services provider’s stock after selling 711 shares during the period. Greenleaf Trust’s holdings in PayPal were worth $11,581,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PYPL. Mirae Asset Global Investments Co. Ltd. grew its position in PayPal by 12.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock worth $144,215,000 after purchasing an additional 138,875 shares during the last quarter. Dakota Wealth Management grew its position in PayPal by 8.6% in the 1st quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock worth $566,000 after purchasing an additional 387 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in PayPal by 15.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock worth $793,000 after purchasing an additional 918 shares during the last quarter. Covestor Ltd grew its position in PayPal by 136.1% in the 1st quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 769 shares during the last quarter. Finally, Donaldson Capital Management LLC grew its position in PayPal by 5.3% in the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock worth $358,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Activity at PayPal

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

PayPal Stock Up 0.3 %

Shares of PYPL traded up $0.21 during mid-day trading on Friday, hitting $62.31. 13,170,484 shares of the company’s stock were exchanged, compared to its average volume of 16,580,498. The firm has a fifty day moving average of $62.27 and a two-hundred day moving average of $59.90. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The stock has a market cap of $65.59 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.44 and a beta of 1.45. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the business posted $1.01 EPS. PayPal’s quarterly revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Analyst Ratings Changes

PYPL has been the subject of several recent analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $66.00 price objective (down from $118.00) on shares of PayPal in a report on Tuesday, January 9th. Citigroup decreased their price objective on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, February 8th. JPMorgan Chase & Co. decreased their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Stephens reiterated an “equal weight” rating and issued a $70.00 price objective on shares of PayPal in a report on Thursday, February 8th. Finally, Argus cut shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $70.47.

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.