Glassman Wealth Services Decreases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Glassman Wealth Services trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 8.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,154 shares of the credit services provider’s stock after selling 297 shares during the period. Glassman Wealth Services’ holdings in PayPal were worth $194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Morgan Stanley increased its position in shares of PayPal by 4.5% during 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. Norges Bank bought a new position in shares of PayPal during the 4th quarter valued at approximately $749,561,000. Northern Trust Corp increased its position in shares of PayPal by 0.7% during the 3rd quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock valued at $687,902,000 after purchasing an additional 78,105 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of PayPal by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after purchasing an additional 265,116 shares during the last quarter. Finally, FMR LLC increased its position in shares of PayPal by 29.5% during the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock valued at $404,367,000 after purchasing an additional 1,575,930 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on PYPL shares. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Tuesday, April 30th. JMP Securities upped their price objective on PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Robert W. Baird upped their price objective on PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a research report on Tuesday, May 21st. Finally, Canaccord Genuity Group cut their price objective on PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, PayPal currently has a consensus rating of “Hold” and an average target price of $72.73.

View Our Latest Report on PYPL

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred on Friday, March 1st. The stock was 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 directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares of the company’s stock, valued at $861,620.40. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

PayPal Stock Performance

Shares of PayPal stock traded up $0.06 on Friday, reaching $61.64. 8,176,776 shares of the stock were exchanged, compared to its average volume of 12,707,337. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The firm has a market capitalization of $64.48 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.01 and a beta of 1.41. The business has a 50 day moving average price of $64.79 and a two-hundred day moving average price of $61.63.

PayPal (NASDAQ:PYPLGet Free Report) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the firm earned $0.86 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal year.

About PayPal

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLFree Report).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.