S.A. Mason LLC Has $114,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

S.A. Mason LLC lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 25.9% in the fourth quarter, HoldingsChannel reports. The firm owned 1,860 shares of the credit services provider’s stock after selling 650 shares during the period. S.A. Mason LLC’s holdings in PayPal were worth $114,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in PayPal by 0.9% during the 2nd quarter. State Street Corp now owns 45,846,969 shares of the credit services provider’s stock worth $3,059,368,000 after buying an additional 423,625 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of PayPal by 1.1% in the 1st 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 purchasing an additional 235,651 shares during the last quarter. Morgan Stanley boosted its stake in shares of PayPal by 4.5% in the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after purchasing an additional 873,181 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of PayPal by 110,462.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock worth $1,220,431,000 after buying an additional 17,120,572 shares during the period. Finally, Norges Bank bought a new stake in shares of PayPal during the fourth quarter worth approximately $1,022,333,000. 68.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PYPL. Wells Fargo & Company lifted their target price on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Monness Crespi & Hardt dropped their price objective on PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 target price on shares of PayPal in a research note on Thursday, March 21st. Oppenheimer restated a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $68.00 price target on shares of PayPal in a research report on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.47.

PayPal Trading Down 0.1 %

Shares of NASDAQ:PYPL opened at $66.57 on Thursday. The stock has a market capitalization of $71.35 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. The company’s 50-day moving average price is $61.32 and its two-hundred day moving average price is $59.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $77.95.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the firm posted $1.01 EPS. PayPal’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts forecast that PayPal Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

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.