PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,921 shares of the credit services provider’s stock after selling 293 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in PayPal were worth $420,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. HUB Investment Partners LLC raised its stake in shares of PayPal by 74.7% during the 4th quarter. HUB Investment Partners LLC now owns 7,657 shares of the credit services provider’s stock worth $654,000 after buying an additional 3,275 shares during the period. Contrarius Group Holdings Ltd acquired a new position in PayPal in the 4th quarter valued at $81,342,000. iA Global Asset Management Inc. raised its stake in PayPal by 55.7% in the 4th quarter. iA Global Asset Management Inc. now owns 172,527 shares of the credit services provider’s stock valued at $14,725,000 after purchasing an additional 61,736 shares during the last quarter. Teacher Retirement System of Texas raised its stake in PayPal by 20.4% in the 4th quarter. Teacher Retirement System of Texas now owns 1,331,185 shares of the credit services provider’s stock valued at $113,617,000 after purchasing an additional 225,912 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in PayPal by 1.4% in the 4th quarter. Royal London Asset Management Ltd. now owns 723,944 shares of the credit services provider’s stock valued at $61,789,000 after purchasing an additional 10,277 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

PYPL stock opened at $70.19 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $69.43 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.27 and a beta of 1.52. The business’s 50-day moving average is $78.19 and its two-hundred day moving average is $80.86. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.48 EPS. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Robert W. Baird reduced their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Piper Sandler cut their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PayPal has an average rating of “Moderate Buy” and an average target price of $90.03.

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.