Isthmus Partners LLC Sells 9,637 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Isthmus Partners LLC decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 207,579 shares of the credit services provider’s stock after selling 9,637 shares during the quarter. PayPal comprises approximately 2.2% of Isthmus Partners LLC’s investment portfolio, making the stock its 5th largest holding. Isthmus Partners LLC’s holdings in PayPal were worth $17,717,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Portside Wealth Group LLC increased its holdings in shares of PayPal by 16.5% during the third quarter. Portside Wealth Group LLC now owns 4,698 shares of the credit services provider’s stock valued at $367,000 after acquiring an additional 664 shares in the last quarter. Leavell Investment Management Inc. increased its stake in PayPal by 63.7% during the 3rd quarter. Leavell Investment Management Inc. now owns 18,011 shares of the credit services provider’s stock valued at $1,405,000 after purchasing an additional 7,010 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in PayPal during the third quarter worth $463,000. SpiderRock Advisors LLC lifted its stake in shares of PayPal by 39.7% in the third quarter. SpiderRock Advisors LLC now owns 27,100 shares of the credit services provider’s stock valued at $2,115,000 after buying an additional 7,697 shares in the last quarter. Finally, United Bank grew its holdings in shares of PayPal by 9.7% during the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after buying an additional 794 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $70.48 on Monday. The firm has a 50 day simple moving average of $81.75 and a two-hundred day simple moving average of $81.13. The stock has a market cap of $69.72 billion, a PE ratio of 17.58, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

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

Insider Buying and Selling

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 transaction, the director now directly 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 ownership of the stock. 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 corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PYPL shares. Keefe, Bruyette & Woods upped their target price on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Piper Sandler cut their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Friday, February 28th. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, BTIG Research reiterated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average target price of $90.03.

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.