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

Heritage Investors Management Corp cut its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthspire Advisors LLC lifted its holdings in PayPal by 1.3% in the 4th quarter. Wealthspire Advisors LLC now owns 15,551 shares of the credit services provider’s stock worth $955,000 after purchasing an additional 206 shares in the last quarter. National Pension Service lifted its holdings in shares of PayPal by 2.0% in the fourth quarter. National Pension Service now owns 1,918,589 shares of the credit services provider’s stock worth $117,821,000 after buying an additional 37,439 shares in the last quarter. Moser Wealth Advisors LLC boosted its position in shares of PayPal by 17.3% during the fourth quarter. Moser Wealth Advisors LLC now owns 6,635 shares of the credit services provider’s stock worth $407,000 after acquiring an additional 980 shares during the last quarter. EdgeRock Capital LLC purchased a new position in PayPal during the fourth quarter valued at $36,000. Finally, Gryphon Financial Partners LLC increased its holdings in PayPal by 36.2% in the 4th quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock valued at $593,000 after acquiring an additional 2,569 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s 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 sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PYPL shares. Monness Crespi & Hardt upped their price objective on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, April 29th. William Blair reiterated an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. JMP Securities boosted their target price on shares of PayPal from $70.00 to $82.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 1st. UBS Group increased their price target on shares of PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, TD Cowen boosted their price objective on PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Twenty-five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average price target of $72.73.

PayPal Price Performance

PYPL traded up $0.64 on Thursday, hitting $64.45. 8,363,010 shares of the company’s stock were exchanged, compared to its average volume of 16,278,468. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The stock has a market cap of $67.42 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.18 and a beta of 1.41. The firm has a 50-day moving average price of $64.00 and a 200-day moving average price of $60.74. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last posted its quarterly 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 for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.13 earnings per share for the current year.

PayPal Company 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.