Greenleaf Trust Trims Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Greenleaf Trust lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 188,577 shares of the credit services provider’s stock after selling 711 shares during the period. Greenleaf Trust’s holdings in PayPal were worth $11,581,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PYPL. Naples Money Management LLC purchased a new position in shares of PayPal in the 4th quarter valued at about $65,000. Tanager Wealth Management LLP purchased a new position in shares of PayPal in the 4th quarter valued at about $429,000. John G Ullman & Associates Inc. increased its stake in shares of PayPal by 19.5% in the 4th quarter. John G Ullman & Associates Inc. now owns 39,285 shares of the credit services provider’s stock valued at $2,412,000 after purchasing an additional 6,400 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in shares of PayPal by 2.4% in the 4th quarter. Resonant Capital Advisors LLC now owns 28,644 shares of the credit services provider’s stock valued at $1,759,000 after purchasing an additional 668 shares in the last quarter. Finally, Institute for Wealth Management LLC. increased its stake in shares of PayPal by 4.7% in the 4th quarter. Institute for Wealth Management LLC. now owns 38,330 shares of the credit services provider’s stock valued at $2,354,000 after purchasing an additional 1,722 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 0.3 %

NASDAQ:PYPL traded up $0.21 during trading hours on Friday, hitting $62.31. The company’s stock had a trading volume of 13,170,484 shares, compared to its average volume of 16,580,498. The stock has a market capitalization of $65.59 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45. The stock has a fifty day moving average of $62.27 and a 200-day moving average of $59.90. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. The firm had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. PayPal’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 earnings per share. On average, equities analysts forecast that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on PYPL. Canaccord Genuity Group cut their price target on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Stephens reiterated an “equal weight” rating and set a $70.00 price objective on shares of PayPal in a research note on Thursday, February 8th. Wedbush reiterated an “outperform” rating and set a $85.00 price objective on shares of PayPal in a research note on Thursday, February 8th. Argus lowered PayPal from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $70.47.

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.