Marble Harbor Investment Counsel LLC Lowers Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Marble Harbor Investment Counsel LLC reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 177,611 shares of the credit services provider’s stock after selling 1,265 shares during the quarter. PayPal accounts for 1.7% of Marble Harbor Investment Counsel LLC’s investment portfolio, making the stock its 17th biggest holding. Marble Harbor Investment Counsel LLC’s holdings in PayPal were worth $15,159,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of PayPal in the 4th quarter valued at approximately $5,487,000. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of PayPal by 3.0% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 72,519 shares of the credit services provider’s stock valued at $6,830,000 after purchasing an additional 2,143 shares during the last quarter. Aviance Capital Partners LLC grew its stake in shares of PayPal by 7.5% in the 4th quarter. Aviance Capital Partners LLC now owns 7,194 shares of the credit services provider’s stock valued at $614,000 after purchasing an additional 500 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its stake in shares of PayPal by 4.2% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 17,800 shares of the credit services provider’s stock valued at $1,519,000 after purchasing an additional 721 shares during the last quarter. Finally, Bradyco Inc. acquired a new stake in shares of PayPal in the 4th quarter valued at approximately $406,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $70.48 on Friday. The company has a market cap of $69.72 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.27 and a beta of 1.52. 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 Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The business has a fifty day simple moving average of $81.75 and a 200-day simple moving average of $81.00.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PYPL. Morgan Stanley raised their price target on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Friday, February 28th. StockNews.com raised 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 report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods raised their price target on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.03.

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.