Boit C F David Trims Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Boit C F David lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 33.3% during the first quarter, HoldingsChannel reports. The firm owned 4,200 shares of the credit services provider’s stock after selling 2,100 shares during the quarter. Boit C F David’s holdings in PayPal were worth $274,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Rothschild Investment LLC lifted its stake in shares of PayPal by 5.7% during the 1st quarter. Rothschild Investment LLC now owns 70,727 shares of the credit services provider’s stock worth $4,615,000 after purchasing an additional 3,807 shares during the period. GAMMA Investing LLC lifted its stake in shares of PayPal by 5,984.0% during the 1st quarter. GAMMA Investing LLC now owns 708,419 shares of the credit services provider’s stock worth $46,224,000 after purchasing an additional 696,775 shares during the period. Sage Capital Advisors llc raised its position in shares of PayPal by 0.8% in the 1st quarter. Sage Capital Advisors llc now owns 22,113 shares of the credit services provider’s stock worth $1,443,000 after buying an additional 175 shares during the period. Versant Capital Management Inc raised its position in shares of PayPal by 255.7% in the 1st quarter. Versant Capital Management Inc now owns 5,368 shares of the credit services provider’s stock worth $350,000 after buying an additional 3,859 shares during the period. Finally, Lederer & Associates Investment Counsel CA raised its position in shares of PayPal by 2.2% in the 1st quarter. Lederer & Associates Investment Counsel CA now owns 14,938 shares of the credit services provider’s stock worth $975,000 after buying an additional 315 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 1.3%

Shares of PayPal stock opened at $70.04 on Friday. The business has a 50-day moving average of $66.32 and a 200-day moving average of $76.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $68.12 billion, a PE ratio of 17.47, a P/E/G ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.84 billion. During the same quarter last year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on PYPL shares. Piper Sandler cut their target price on PayPal from $76.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Compass Point started coverage on PayPal in a research report on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 target price on the stock. BMO Capital Markets cut their target price on PayPal from $83.00 to $79.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 30th. UBS Group cut their target price on PayPal from $88.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Finally, Evercore ISI started coverage on PayPal in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $65.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and an average target price of $83.68.

PayPal 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.