Rosenblum Silverman Sutton S F Inc. CA Sells 1,667 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Rosenblum Silverman Sutton S F Inc. CA cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,685 shares of the credit services provider’s stock after selling 1,667 shares during the period. Rosenblum Silverman Sutton S F Inc. CA’s holdings in PayPal were worth $997,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PYPL. United Bank raised its holdings in PayPal by 9.7% during the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after buying an additional 794 shares during the period. Benjamin Edwards Inc. grew its holdings in PayPal by 8,335.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 27,837 shares of the credit services provider’s stock valued at $2,172,000 after purchasing an additional 27,507 shares during the last quarter. Ascent Group LLC bought a new stake in PayPal in the third quarter worth about $201,000. HighTower Advisors LLC boosted its position in shares of PayPal by 32.0% during the third quarter. HighTower Advisors LLC now owns 481,312 shares of the credit services provider’s stock valued at $37,580,000 after buying an additional 116,600 shares during the period. Finally, IHT Wealth Management LLC grew its stake in shares of PayPal by 8.0% during the third quarter. IHT Wealth Management LLC now owns 11,607 shares of the credit services provider’s stock valued at $906,000 after buying an additional 864 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

PYPL has been the subject of a number of research analyst reports. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Arete Research set a $81.00 target price on PayPal in a research report on Thursday, March 27th. Keefe, Bruyette & Woods cut their price target on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a report on Friday, December 13th. Finally, Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Sixteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average target price of $89.13.

PayPal Stock Down 8.1 %

NASDAQ:PYPL opened at $61.71 on Friday. The company’s 50 day moving average is $74.26 and its two-hundred day moving average is $80.61. The company has a market cap of $61.05 billion, a PE ratio of 15.39, a P/E/G ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. 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 released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. During the same period in the prior year, the firm earned $1.48 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.