Ironwood Investment Counsel LLC Has $218,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ironwood Investment Counsel LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,558 shares of the credit services provider’s stock after selling 822 shares during the period. Ironwood Investment Counsel LLC’s holdings in PayPal were worth $218,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Relyea Zuckerberg Hanson LLC lifted its position in shares of PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after buying an additional 3,976 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of PayPal in the third quarter valued at approximately $387,435,000. Equity Investment Corp lifted its position in shares of PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares during the last quarter. Fortem Financial Group LLC lifted its position in shares of PayPal by 28.0% in the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock valued at $2,842,000 after buying an additional 7,291 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of PayPal by 120.3% in the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock valued at $125,461,000 after buying an additional 849,311 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of recent analyst reports. Macquarie raised their price objective on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Piper Sandler dropped their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. BTIG Research reissued a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a report on Friday, December 13th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Price Performance

Shares of PYPL opened at $68.95 on Friday. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66. The business has a 50-day simple moving average of $79.96 and a two-hundred day simple moving average of $80.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $68.21 billion, a PE ratio of 17.19, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

About PayPal

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.