TrinityPoint Wealth LLC Cuts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

TrinityPoint Wealth LLC decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,311 shares of the credit services provider’s stock after selling 193 shares during the period. TrinityPoint Wealth LLC’s holdings in PayPal were worth $368,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of PayPal by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock valued at $1,849,884,000 after buying an additional 271,836 shares in the last quarter. FMR LLC boosted its holdings in shares of PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock valued at $1,615,134,000 after buying an additional 2,161,582 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock valued at $1,529,823,000 after buying an additional 9,313,783 shares in the last quarter. Norges Bank bought a new stake in shares of PayPal in the 4th quarter valued at about $1,086,508,000. Finally, Northern Trust Corp boosted its holdings in shares of PayPal by 19.0% in the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider’s stock valued at $892,953,000 after buying an additional 1,669,908 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 29,734 shares of the company’s stock, valued at $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 available through this hyperlink. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on PYPL. Morgan Stanley lifted their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Seaport Res Ptn cut shares of PayPal from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 17th. Compass Point began coverage on shares of PayPal in a research note on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 target price for the company. DZ Bank upgraded shares of 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. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $96.00 target price on shares of PayPal in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.68.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $72.18 on Monday. The firm has a market cap of $70.20 billion, a PE ratio of 18.00, a PEG ratio of 1.27 and a beta of 1.51. The firm has a fifty day moving average of $65.99 and a 200 day moving average of $77.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.