US Bancorp DE Sells 14,754 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

US Bancorp DE lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 253,689 shares of the credit services provider’s stock after selling 14,754 shares during the period. US Bancorp DE’s holdings in PayPal were worth $21,652,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PYPL. Mizuho Securities USA LLC lifted its holdings in shares of PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares during the last quarter. FMR LLC lifted its holdings in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after buying an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC bought a new stake in PayPal during the 3rd quarter valued at about $387,435,000. Robeco Institutional Asset Management B.V. lifted its holdings in PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after buying an additional 2,689,162 shares in the last quarter. Finally, Primecap Management Co. CA lifted its holdings in PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after buying an additional 1,069,356 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 0.5 %

PYPL stock opened at $71.07 on Monday. The firm has a 50 day moving average of $83.61 and a 200 day moving average of $81.16. The stock has a market capitalization of $70.30 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. 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 $56.97 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the business earned $1.48 EPS. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred 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 sale, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PYPL. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Susquehanna lifted their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. 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. Macquarie lifted their price objective on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Friday. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $90.03.

PayPal Company 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.