PayPal Holdings, Inc. (NASDAQ:PYPL) Position Lowered by Amalgamated Bank

Amalgamated Bank reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 276,049 shares of the credit services provider’s stock after selling 13,455 shares during the quarter. Amalgamated Bank’s holdings in PayPal were worth $16,952,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of PayPal during the 4th quarter valued at approximately $25,000. Sutton Wealth Advisors Inc. lifted its position in shares of PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after buying an additional 237 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of PayPal in the 3rd quarter valued at about $33,000. Beacon Capital Management LLC grew its position in shares of PayPal by 58.6% during the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after buying an additional 225 shares during the last quarter. Finally, Criterion Capital Advisors LLC acquired a new stake in PayPal during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Sanford C. Bernstein increased their target price on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. DZ Bank downgraded shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a report on Friday, February 9th. UBS Group increased their price objective on shares of PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Susquehanna boosted their target price on shares of PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Twenty-five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $72.73.

Insider Buying and Selling at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the stock in a transaction 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 sale, 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 filing with the SEC, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

PayPal Stock Down 1.9 %

NASDAQ:PYPL traded down $1.28 during trading hours on Friday, hitting $65.70. 15,421,815 shares of the company’s stock traded hands, compared to its average volume of 16,569,914. The stock’s fifty day moving average price is $63.56 and its two-hundred day moving average price is $60.44. The firm has a market cap of $68.73 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.22 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.28. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. PayPal’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. On average, research analysts expect that PayPal Holdings, Inc. will post 4.03 earnings per share for the current fiscal year.

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.