Heritage Investors Management Corp Cuts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Heritage Investors Management Corp lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,312 shares of the credit services provider’s stock after selling 1,154 shares during the period. Heritage Investors Management Corp’s holdings in PayPal were worth $8,125,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Sapient Capital LLC purchased a new stake in PayPal during the fourth quarter worth $806,000. Louisiana State Employees Retirement System acquired a new stake in PayPal in the 4th quarter valued at about $9,267,000. Bartlett & Co. LLC increased its holdings in PayPal by 8.5% during the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after acquiring 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 worth $53,344,000 after acquiring an additional 73,687 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of PayPal by 4.9% in 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. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on PayPal from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Mizuho upped their price target on shares of PayPal from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Citigroup cut their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, UBS Group boosted their target price on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.73.

PayPal Stock Performance

PYPL stock traded up $0.64 during trading on Thursday, hitting $64.45. 8,363,010 shares of the company’s stock traded hands, compared to its average volume of 16,278,468. The stock has a fifty day moving average price of $64.00 and a two-hundred day moving average price of $60.74. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The stock has a market capitalization of $67.42 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.18 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% 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 company earned $0.86 EPS. PayPal’s revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.13 EPS for the current fiscal year.

Insider Buying and Selling

In other PayPal 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 sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.

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.