PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,712 shares of the credit services provider’s stock after selling 4,737 shares during the period. Oppenheimer & Co. Inc.’s holdings in PayPal were worth $5,609,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Strategic Blueprint LLC acquired a new position in PayPal in the 3rd quarter valued at $255,000. Pinnacle Associates Ltd. raised its holdings in PayPal by 22.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 45,046 shares of the credit services provider’s stock valued at $3,515,000 after acquiring an additional 8,388 shares during the last quarter. SteelPeak Wealth LLC raised its holdings in PayPal by 33.3% in the 3rd quarter. SteelPeak Wealth LLC now owns 6,192 shares of the credit services provider’s stock valued at $483,000 after acquiring an additional 1,548 shares during the last quarter. Catalyst Financial Partners LLC acquired a new position in PayPal in the 3rd quarter valued at $259,000. Finally, Meitav Investment House Ltd. acquired a new position in PayPal in the 3rd quarter valued at $211,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

PayPal Stock Performance

Shares of PYPL opened at $71.07 on Friday. The business’s 50 day moving average is $83.61 and its two-hundred day moving average is $80.94. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The firm has a market cap of $70.30 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.27 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the company posted $1.48 EPS. PayPal’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Barclays boosted their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Friday. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.03.

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.