PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 30.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,791 shares of the credit services provider’s stock after selling 1,672 shares during the quarter. Trillium Asset Management LLC’s holdings in PayPal were worth $324,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Enhancing Capital LLC acquired a new position in shares of PayPal during the 4th quarter valued at about $1,007,000. Xponance Inc. raised its stake in PayPal by 0.3% during the fourth quarter. Xponance Inc. now owns 149,097 shares of the credit services provider’s stock worth $12,725,000 after purchasing an additional 424 shares during the period. Generali Asset Management SPA SGR acquired a new position in shares of PayPal in the 4th quarter valued at $3,115,000. Evoke Wealth LLC boosted its holdings in shares of PayPal by 44.0% in the 4th quarter. Evoke Wealth LLC now owns 3,964 shares of the credit services provider’s stock valued at $338,000 after purchasing an additional 1,212 shares during the last quarter. Finally, Horizon Investments LLC increased its holdings in shares of PayPal by 6.0% during the 4th quarter. Horizon Investments LLC now owns 24,566 shares of the credit services provider’s stock worth $2,097,000 after buying an additional 1,398 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 1.6 %

PYPL stock opened at $70.00 on Thursday. The firm has a market cap of $69.25 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The firm has a fifty day moving average price of $78.82 and a two-hundred day moving average price of $80.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

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

Analysts Set New Price Targets

PYPL has been the topic of a number of research analyst reports. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. Robert W. Baird reduced their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Friday, February 28th. Susquehanna lifted their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Finally, StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents 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 the SEC website. Insiders own 0.14% of the company’s stock.

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.