PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by FineMark National Bank & Trust

FineMark National Bank & Trust lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 34.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,322 shares of the credit services provider’s stock after selling 2,270 shares during the quarter. FineMark National Bank & Trust’s holdings in PayPal were worth $369,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. United Bank lifted its stake in PayPal by 9.7% during the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after acquiring an additional 794 shares during the period. Kingsview Wealth Management LLC lifted its position in PayPal by 9.9% during the third quarter. Kingsview Wealth Management LLC now owns 18,318 shares of the credit services provider’s stock valued at $1,429,000 after purchasing an additional 1,652 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in PayPal by 29.3% in the third quarter. The Manufacturers Life Insurance Company now owns 1,758,100 shares of the credit services provider’s stock valued at $137,185,000 after purchasing an additional 397,985 shares during the last quarter. FMR LLC grew its position in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. Finally, D.A. Davidson & CO. raised its stake in shares of PayPal by 31.6% during the 3rd quarter. D.A. Davidson & CO. now owns 201,397 shares of the credit services provider’s stock valued at $15,715,000 after buying an additional 48,383 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on PYPL shares. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Keefe, Bruyette & Woods boosted their target price on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Friday, February 28th. Finally, Robert W. Baird cut their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.03.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction 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 transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

PayPal Trading Down 1.3 %

Shares of PYPL stock opened at $69.97 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company’s 50-day moving average price is $77.21 and its 200-day moving average price is $80.85. The stock has a market cap of $69.22 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.27 and a beta of 1.52.

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