Gibraltar Capital Management Inc. Sells 10,820 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Gibraltar Capital Management Inc. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,673 shares of the credit services provider’s stock after selling 10,820 shares during the quarter. PayPal makes up about 2.5% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 20th biggest position. Gibraltar Capital Management Inc.’s holdings in PayPal were worth $5,875,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System acquired a new position in PayPal in the fourth quarter valued at approximately $9,267,000. Bartlett & Co. LLC lifted its holdings in PayPal by 8.5% in the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after buying an additional 740 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in PayPal by 9.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after buying an additional 73,687 shares during the period. Sunbelt Securities Inc. lifted its holdings in PayPal by 4.9% in the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after buying an additional 942 shares during the period. Finally, Bellecapital International Ltd. lifted its holdings in PayPal by 2.0% in the fourth quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock valued at $1,332,000 after buying an additional 433 shares during the period. 68.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

PayPal Stock Up 1.4 %

Shares of PYPL stock traded up $0.93 on Tuesday, hitting $67.92. The stock had a trading volume of 43,146,336 shares, compared to its average volume of 16,583,006. The business has a 50 day moving average of $63.21 and a 200 day moving average of $60.35. The stock has a market cap of $71.50 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45. 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 12-month low of $50.25 and a 12-month high of $76.54.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. As a group, analysts expect that PayPal Holdings, Inc. will post 4.02 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets cut their price objective on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a report on Thursday, February 8th. JPMorgan Chase & Co. cut their target price on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, February 8th. William Blair reiterated an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Mizuho lowered their price objective on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $66.00 price objective (down previously from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. Twenty-four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $70.72.

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.