Great Lakes Advisors LLC Sells 1,364 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)


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Great Lakes Advisors LLC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 46,810 shares of the credit services provider’s stock after selling 1,364 shares during the period. Great Lakes Advisors LLC’s holdings in PayPal were worth $10,963,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Focused Wealth Management Inc grew its stake in PayPal by 6.6% during the fourth quarter. Focused Wealth Management Inc now owns 649 shares of the credit services provider’s stock worth $152,000 after purchasing an additional 40 shares during the period. SRS Capital Advisors Inc. increased its stake in shares of PayPal by 4.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,057 shares of the credit services provider’s stock valued at $248,000 after acquiring an additional 42 shares in the last quarter. Callahan Advisors LLC boosted its stake in PayPal by 3.0% during the fourth quarter. Callahan Advisors LLC now owns 1,602 shares of the credit services provider’s stock worth $375,000 after acquiring an additional 47 shares in the last quarter. Blue Square Asset Management LLC grew its holdings in PayPal by 4.0% in the fourth quarter. Blue Square Asset Management LLC now owns 1,226 shares of the credit services provider’s stock worth $287,000 after purchasing an additional 47 shares during the period. Finally, Arkfeld Wealth Strategies L.L.C. grew its holdings in PayPal by 1.4% in the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 3,656 shares of the credit services provider’s stock worth $868,000 after purchasing an additional 50 shares during the period. 82.29% of the stock is currently owned by institutional investors.

PYPL has been the subject of several research reports. Atlantic Securities downgraded PayPal from an “overweight” rating to a “neutral” rating in a research note on Tuesday, February 16th. Citigroup raised their price objective on PayPal from $310.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, February 12th. BTIG Research upped their target price on PayPal from $300.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, February 16th. Piper Sandler lifted their price target on shares of PayPal from $255.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, February 4th. Finally, Sanford C. Bernstein began coverage on shares of PayPal in a report on Wednesday, January 27th. They set an “outperform” rating and a $297.00 price objective on the stock. Six analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. PayPal currently has an average rating of “Buy” and an average target price of $274.68.

In related news, EVP Mark Britto sold 1,152 shares of the firm’s stock in a transaction dated Friday, February 5th. The stock was sold at an average price of $269.11, for a total value of $310,014.72. Following the sale, the executive vice president now directly owns 81,961 shares of the company’s stock, valued at $22,056,524.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, December 11th. The shares were sold at an average price of $212.65, for a total value of $5,316,250.00. Following the transaction, the chief executive officer now directly owns 171,102 shares of the company’s stock, valued at approximately $36,384,840.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,189 shares of company stock worth $16,453,133. 0.12% of the stock is owned by insiders.

Shares of PYPL stock opened at $273.85 on Tuesday. The business has a 50-day moving average of $257.47 and a 200 day moving average of $216.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.38 and a quick ratio of 1.38. PayPal Holdings, Inc. has a 1-year low of $82.07 and a 1-year high of $309.14. The stock has a market capitalization of $320.73 billion, a PE ratio of 103.34, a P/E/G ratio of 3.53 and a beta of 1.12.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, February 3rd. The credit services provider reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.08. The firm had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.09 billion. PayPal had a return on equity of 18.31% and a net margin of 15.48%. The business’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 earnings per share. Analysts anticipate that PayPal Holdings, Inc. will post 2.8 EPS for the current year.

About PayPal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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