Neville Rodie & Shaw Inc. Lowers Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Neville Rodie & Shaw Inc. cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.9% during the first quarter, HoldingsChannel.com reports. The fund owned 35,117 shares of the credit services provider’s stock after selling 3,000 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in PayPal were worth $2,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. JFS Wealth Advisors LLC grew its position in shares of PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 125 shares during the last quarter. Avalon Trust Co grew its position in shares of PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after acquiring an additional 135 shares during the last quarter. Security National Bank of SO Dak grew its position in shares of PayPal by 1.1% during the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider’s stock worth $1,041,000 after acquiring an additional 137 shares during the last quarter. Stegent Equity Advisors Inc. grew its position in shares of PayPal by 3.2% during the fourth quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider’s stock worth $388,000 after acquiring an additional 142 shares during the last quarter. Finally, Cohen & Steers Inc. grew its position in shares of PayPal by 5.1% during the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider’s stock worth $257,000 after acquiring an additional 145 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler lowered their price objective on shares of PayPal from $76.00 to $70.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Keefe, Bruyette & Woods lowered their price objective on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 31st. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, April 30th. Monness Crespi & Hardt lowered their price objective on shares of PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Arete Research set a $81.00 price objective on shares of PayPal in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.68.

PayPal Trading Down 0.1%

NASDAQ:PYPL opened at $71.44 on Thursday. The company has a market capitalization of $69.48 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The stock has a fifty day simple moving average of $66.34 and a 200-day simple moving average of $76.93.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating 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 firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal 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.