Great Lakes Advisors LLC Sells 11,608 Shares of PayPal Holdings, Inc. $PYPL

Great Lakes Advisors LLC trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 528,045 shares of the credit services provider’s stock after selling 11,608 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.06% of PayPal worth $35,411,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Hilltop National Bank purchased a new position in PayPal during the 2nd quarter worth $27,000. MUFG Securities EMEA plc boosted its holdings in PayPal by 100.4% in the second quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 87,524 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of PayPal by 285.3% during the third quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 388 shares during the period. VSM Wealth Advisory LLC purchased a new stake in shares of PayPal during the 2nd quarter worth about $36,000. Finally, Dagco Inc. grew its position in shares of PayPal by 1,250.0% in the third quarter. Dagco Inc. now owns 540 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 500 shares during the period. 68.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $59.84, for a total transaction of $249,054.08. Following the completion of the sale, the insider owned 30,983 shares in the company, valued at $1,854,022.72. This trade represents a 11.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Aaron Webster sold 9,282 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $66.29, for a total value of $615,303.78. Following the completion of the transaction, the executive vice president owned 35,699 shares in the company, valued at $2,366,486.71. This represents a 20.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 25,944 shares of company stock valued at $1,725,233 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

PayPal News Roundup

Here are the key news stories impacting PayPal this week:

PayPal Stock Performance

Shares of PYPL opened at $54.08 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market capitalization of $50.60 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 0.69 and a beta of 1.42. PayPal Holdings, Inc. has a 12-month low of $53.65 and a 12-month high of $90.93. The business’s fifty day moving average price is $59.29 and its 200 day moving average price is $65.74.

PayPal (NASDAQ:PYPLGet Free Report) last issued its earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. PayPal had a net margin of 14.96% and a return on equity of 25.64%. The firm had revenue of $8.42 billion during the quarter, compared to analysts’ expectations of $8.21 billion. During the same period last year, the firm posted $1.20 earnings per share. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PYPL shares. BNP Paribas Exane reduced their price objective on PayPal from $71.00 to $69.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 2nd. Rothschild Redb cut PayPal from a “hold” rating to a “strong sell” rating in a report on Wednesday. Argus increased their price target on PayPal from $81.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Piper Sandler lowered their price objective on PayPal from $76.00 to $74.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Finally, Robert W. Baird restated a “neutral” rating and issued a $66.00 price objective (down previously from $83.00) on shares of PayPal in a research note on Friday, December 12th. Twelve research analysts have rated the stock with a Buy rating, twenty-four have issued a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.10.

Check Out Our Latest Analysis on PayPal

About PayPal

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

Featured Stories

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.