Thompson Investment Management Inc. Has $9.84 Million Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Thompson Investment Management Inc. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 150,826 shares of the credit services provider’s stock after selling 1,760 shares during the period. PayPal makes up 1.5% of Thompson Investment Management Inc.’s holdings, making the stock its 15th largest position. Thompson Investment Management Inc.’s holdings in PayPal were worth $9,841,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal in the 4th quarter valued at $25,000. Hurley Capital LLC bought a new position in PayPal during the fourth quarter worth about $27,000. Bernard Wealth Management Corp. acquired a new position in PayPal in the fourth quarter valued at about $34,000. Pinney & Scofield Inc. bought a new stake in shares of PayPal in the fourth quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of PayPal in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PYPL shares. Citigroup cut their price objective on PayPal from $98.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Bank of America dropped their price objective on shares of PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Truist Financial assumed coverage on shares of PayPal in a research note on Monday, June 2nd. They issued a “sell” rating and a $68.00 target price for the company. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal presently has an average rating of “Hold” and a consensus price target of $83.29.

Insider Buying and Selling

In other news, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the sale, the insider now directly owns 48,483 shares of the company’s stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the transaction, the executive vice president now owns 16,989 shares of the company’s stock, valued at $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,796 shares of company stock worth $863,028. Company insiders own 0.14% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $74.76 on Wednesday. The firm has a market capitalization of $72.71 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average price is $67.23 and its two-hundred day moving average price is $76.03. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.