PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. cut its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,673 shares of the credit services provider’s stock after selling 10,820 shares during the quarter. PayPal makes up 2.5% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Gibraltar Capital Management Inc.’s holdings in PayPal were worth $5,875,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PYPL. Simplicity Solutions LLC boosted its position in shares of PayPal by 23.5% in the 3rd quarter. Simplicity Solutions LLC now owns 15,350 shares of the credit services provider’s stock valued at $897,000 after purchasing an additional 2,922 shares during the period. Hoertkorn Richard Charles lifted its position in PayPal by 4.5% during the 3rd quarter. Hoertkorn Richard Charles now owns 52,135 shares of the credit services provider’s stock worth $3,048,000 after acquiring an additional 2,233 shares during the period. Aua Capital Management LLC lifted its position in PayPal by 13.2% during the 3rd quarter. Aua Capital Management LLC now owns 7,068 shares of the credit services provider’s stock worth $413,000 after acquiring an additional 822 shares during the period. Litman Gregory Wealth Management LLC acquired a new stake in PayPal during the 3rd quarter worth approximately $8,639,000. Finally, Cambridge Investment Research Advisors Inc. lifted its position in PayPal by 5.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 217,041 shares of the credit services provider’s stock worth $12,688,000 after acquiring an additional 11,030 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PayPal

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

Wall Street Analyst Weigh In

PYPL has been the subject of a number of recent research reports. BMO Capital Markets decreased their price objective on PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a research report on Thursday, February 8th. Oppenheimer reissued a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Evercore ISI increased their target price on PayPal from $56.00 to $60.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 26th. Canaccord Genuity Group cut their target price on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Wells Fargo & Company increased their target price on PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Twenty-four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.72.

PayPal Trading Up 1.4 %

Shares of PYPL stock traded up $0.93 during mid-day trading on Tuesday, hitting $67.92. 43,146,336 shares of the company’s stock were exchanged, compared to its average volume of 16,583,006. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The stock has a 50-day simple moving average of $63.21 and a two-hundred day simple moving average of $60.35. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a market cap of $71.50 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.23 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the business earned $0.86 EPS. PayPal’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

PayPal Company 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.