Gotham Asset Management LLC Sells 63,370 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Gotham Asset Management LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 279,862 shares of the credit services provider’s stock after selling 63,370 shares during the quarter. Gotham Asset Management LLC’s holdings in PayPal were worth $23,886,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in PayPal by 2.1% in the third quarter. Principal Financial Group Inc. now owns 1,182,316 shares of the credit services provider’s stock valued at $92,256,000 after acquiring an additional 24,193 shares during the period. Fulton Bank N.A. lifted its holdings in shares of PayPal by 10.1% during the fourth quarter. Fulton Bank N.A. now owns 6,959 shares of the credit services provider’s stock valued at $594,000 after acquiring an additional 640 shares during the period. Baker Tilly Wealth Management LLC boosted its stake in shares of PayPal by 6.5% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 4,936 shares of the credit services provider’s stock valued at $421,000 after purchasing an additional 303 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of PayPal by 2.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 75,060 shares of the credit services provider’s stock worth $5,857,000 after purchasing an additional 1,523 shares during the last quarter. Finally, A. D. Beadell Investment Counsel Inc. lifted its holdings in PayPal by 4.7% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 5,259 shares of the credit services provider’s stock valued at $448,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several recent analyst reports. Barclays dropped their price objective on shares of PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Piper Sandler reduced their price objective on PayPal from $76.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Robert W. Baird upped their price target on shares of PayPal from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 30th. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Friday, February 28th. Finally, Royal Bank of Canada reduced their target price on shares of PayPal from $104.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average price target of $83.68.

Insider Transactions at PayPal

In related 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 value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by insiders.

PayPal Stock Down 0.3 %

NASDAQ:PYPL opened at $70.26 on Friday. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The stock has a 50-day moving average price of $65.65 and a two-hundred day moving average price of $77.72. The stock has a market cap of $68.33 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.27 and a beta of 1.51. 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 (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.