PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,605 shares of the credit services provider’s stock after selling 11,731 shares during the period. Brown Brothers Harriman & Co.’s holdings in PayPal were worth $3,551,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal in the 3rd quarter valued at $26,000. Rosenberg Matthew Hamilton lifted its holdings in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC grew its position in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Legacy Investment Solutions LLC purchased a new stake in PayPal during the 3rd quarter worth approximately $36,000. Finally, Modus Advisors LLC acquired a new stake in shares of PayPal in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL opened at $65.15 on Friday. The company has a market cap of $64.45 billion, a P/E ratio of 16.25, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average price is $76.28 and its 200 day moving average price is $80.82.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business 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%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 earnings per share. On average, research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Arete Research cut shares of PayPal from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Macquarie boosted their target price on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Sixteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.03.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business’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 completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

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.