GAM Holding AG Reduces Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

GAM Holding AG reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,553 shares of the credit services provider’s stock after selling 1,791 shares during the period. GAM Holding AG’s holdings in PayPal were worth $3,364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Avalon Trust Co grew its stake in shares of PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after buying an additional 135 shares in the last quarter. Security National Bank of SO Dak grew its stake in shares of PayPal by 1.1% in the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider’s stock worth $1,041,000 after buying an additional 137 shares in the last quarter. Stegent Equity Advisors Inc. lifted its holdings in shares of PayPal by 3.2% in the 4th 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. Cohen & Steers Inc. boosted its stake in shares of PayPal by 5.1% during the 4th quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider’s stock worth $257,000 after purchasing an additional 145 shares during the period. Finally, Redwood Financial Network Corp boosted its stake in shares of PayPal by 4.8% during the 4th quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider’s stock worth $274,000 after purchasing an additional 147 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup dropped their price target on shares of PayPal from $98.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Keefe, Bruyette & Woods dropped their price target on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, March 31st. Monness Crespi & Hardt dropped their price target on shares of PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, April 30th. Finally, Barclays dropped their price target on shares of PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.29.

Insider Buying and Selling

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director now owns 13,976 shares of the company’s stock, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider now directly owns 48,483 shares in the company, valued at approximately $3,550,894.92. This represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock worth $863,028 in the last 90 days. 0.08% of the stock is owned by corporate insiders.

PayPal Trading Up 2.2%

NASDAQ:PYPL opened at $70.05 on Friday. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $68.13 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.13 and a beta of 1.45. The firm has a 50-day simple moving average of $68.98 and a 200-day simple moving average of $75.26.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. PayPal’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.