Johnson Financial Group Inc. Has $96,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Johnson Financial Group Inc. reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 33.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,083 shares of the credit services provider’s stock after selling 550 shares during the period. Johnson Financial Group Inc.’s holdings in PayPal were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC increased its position in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares during the period. Nikko Asset Management Americas Inc. increased its position in 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 worth $59,489,000 after buying an additional 18,172 shares during the period. ExodusPoint Capital Management LP increased its position in PayPal by 223.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider’s stock worth $22,622,000 after buying an additional 183,011 shares during the period. StoneX Group Inc. increased its position in PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider’s stock worth $2,326,000 after buying an additional 11,260 shares during the period. Finally, Fortem Financial Group LLC increased its position in PayPal by 28.0% in the 4th 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 during the period. 68.32% of the stock is owned by institutional investors.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

PayPal stock opened at $64.93 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a market cap of $63.46 billion, a PE ratio of 16.19, a PEG ratio of 1.27 and a beta of 1.60. The company’s 50-day moving average is $66.49 and its two-hundred day moving average is $78.47.

PayPal (NASDAQ:PYPL) last announced 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. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.48 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

PYPL has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. Seaport Res Ptn lowered PayPal from a “hold” rating to a “strong sell” rating in a report on Thursday, April 17th. Bank of America decreased their price objective on PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Monness Crespi & Hardt decreased their price objective on PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Piper Sandler decreased their price objective on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $85.88.

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.