Cape ANN Savings Bank Trims Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Cape ANN Savings Bank lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,186 shares of the credit services provider’s stock after selling 343 shares during the period. Cape ANN Savings Bank’s holdings in PayPal were worth $441,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sapient Capital LLC purchased a new stake in PayPal during the fourth quarter worth about $806,000. Louisiana State Employees Retirement System acquired a new position in shares of PayPal in the fourth quarter worth $9,267,000. Bartlett & Co. LLC lifted its position in shares of PayPal by 8.5% in the fourth 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 boosted its stake in shares of 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 acquiring an additional 73,687 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in PayPal by 4.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock worth $1,183,000 after purchasing an additional 942 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the transaction, the director now owns 13,976 shares in the company, valued at $861,620.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.

PayPal Stock Down 0.8 %

Shares of PYPL traded down $0.50 during mid-day trading on Monday, reaching $60.13. The company’s stock had a trading volume of 13,548,046 shares, compared to its average volume of 15,060,205. The company has a market cap of $62.90 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 0.99 and a beta of 1.43. The business has a fifty day moving average of $64.09 and a 200 day moving average of $62.44. 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 1 year low of $50.25 and a 1 year high of $76.54.

PayPal (NASDAQ:PYPLGet Free Report) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. PayPal’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the topic of several recent analyst reports. Evercore ISI increased their price objective on shares of PayPal from $60.00 to $65.00 and gave the stock an “in-line” rating in a report on Wednesday, May 1st. Stephens lifted their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. StockNews.com downgraded shares of PayPal from a “buy” rating to a “hold” rating in a research report on Monday, June 10th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 price target on shares of PayPal in a research report on Thursday. Finally, Monness Crespi & Hardt boosted their price objective on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Twenty-one investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $73.82.

Read Our Latest Stock Analysis on PYPL

PayPal Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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