PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 48.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,723 shares of the credit services provider’s stock after selling 19,665 shares during the period. Congress Wealth Management LLC DE’s holdings in PayPal were worth $1,769,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PYPL. Relyea Zuckerberg Hanson LLC raised its position in PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after acquiring an additional 3,976 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal during the 3rd quarter valued at approximately $387,435,000. Nikko Asset Management Americas Inc. lifted its stake in shares of PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock valued at $59,489,000 after purchasing an additional 18,172 shares during the period. Fortem Financial Group LLC boosted its holdings in PayPal by 28.0% during the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock worth $2,842,000 after buying an additional 7,291 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in PayPal by 120.3% during the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock valued at $125,461,000 after buying an additional 849,311 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $69.97 on Thursday. The business’s fifty day moving average price is $77.21 and its 200 day moving average price is $80.85. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $69.22 billion, a PE ratio of 17.45, a P/E/G ratio of 1.27 and a beta of 1.52.

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

Insider Transactions at PayPal

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

Analysts Set New Price Targets

Several research firms have recently issued reports on PYPL. Susquehanna increased their target price on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Morgan Stanley raised their price objective on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, BTIG Research restated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.