Private Wealth Partners LLC Sells 362 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Private Wealth Partners LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,840 shares of the credit services provider’s stock after selling 362 shares during the quarter. Private Wealth Partners LLC’s holdings in PayPal were worth $236,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PYPL. Louisiana State Employees Retirement System bought a new position in PayPal during the fourth quarter worth about $9,267,000. Bartlett & Co. LLC raised its position in PayPal by 8.5% during the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after purchasing an additional 740 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in PayPal by 9.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after purchasing an additional 73,687 shares in the last quarter. Sunbelt Securities Inc. raised its position in PayPal by 4.9% during the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after purchasing an additional 942 shares in the last quarter. Finally, Bellecapital International Ltd. grew its stake in shares of PayPal by 2.0% during the fourth quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock worth $1,332,000 after buying an additional 433 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling

In other news, SVP Frank Keller sold 7,686 shares of the 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 completion of the transaction, the senior vice president now 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 SEC, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. DZ Bank cut shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research note on Friday, February 9th. Mizuho reduced their price objective on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Oppenheimer reissued a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Wells Fargo & Company boosted their price objective on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Friday, January 5th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $70.47.

PayPal Trading Up 2.9 %

Shares of NASDAQ:PYPL traded up $1.86 during trading on Friday, reaching $65.96. 14,190,444 shares of the stock were exchanged, compared to its average volume of 9,031,016. The firm’s 50-day moving average price is $62.87 and its 200 day moving average price is $60.16. The firm has a market cap of $69.43 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the company posted $1.01 EPS. PayPal’s quarterly revenue was up 8.7% on a year-over-year basis. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

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.