Bison Wealth LLC Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bison Wealth LLC cut its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 53.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,346 shares of the credit services provider’s stock after selling 3,779 shares during the quarter. Bison Wealth LLC’s holdings in PayPal were worth $205,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of PayPal by 2.7% during the first quarter. State Street Corp now owns 45,423,344 shares of the credit services provider’s stock valued at $3,449,434,000 after purchasing an additional 1,202,956 shares during the last quarter. Geode Capital Management LLC grew its position in PayPal by 1.1% during the first quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider’s stock valued at $1,586,966,000 after buying an additional 235,651 shares during the period. Morgan Stanley grew its position in PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after buying an additional 873,181 shares during the period. Moneta Group Investment Advisors LLC grew its position in PayPal by 110,462.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock valued at $1,220,431,000 after buying an additional 17,120,572 shares during the period. Finally, Norges Bank bought a new stake in PayPal during the fourth quarter valued at approximately $1,022,333,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Down 0.3 %

Shares of PYPL opened at $63.26 on Thursday. The firm has a market cap of $66.59 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $77.94. The company’s 50-day moving average price is $62.15 and its 200 day moving average price is $59.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.01 earnings per share. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PYPL. Daiwa Capital Markets lowered shares of PayPal from an “outperform” rating to a “neutral” rating and cut their target price for the company from $64.00 to $62.00 in a research report on Tuesday, February 13th. BTIG Research restated a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. BMO Capital Markets dropped their price target on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a research report on Thursday, February 8th. DZ Bank lowered shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a research report on Friday, February 9th. Finally, StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, PayPal presently has a consensus rating of “Hold” and a consensus price target of $70.53.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

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.