PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Marco Investment Management LLC

Marco Investment Management LLC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,579 shares of the credit services provider’s stock after selling 3,556 shares during the period. Marco Investment Management LLC’s holdings in PayPal were worth $2,369,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its position in PayPal by 1.9% in the third quarter. Handelsbanken Fonder AB now owns 284,734 shares of the credit services provider’s stock valued at $16,646,000 after purchasing an additional 5,276 shares during the period. Simplicity Solutions LLC raised its position in PayPal by 23.5% in the third quarter. Simplicity Solutions LLC now owns 15,350 shares of the credit services provider’s stock valued at $897,000 after purchasing an additional 2,922 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in PayPal by 21.8% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,194 shares of the credit services provider’s stock valued at $245,000 after purchasing an additional 752 shares during the period. Clarius Group LLC raised its position in PayPal by 11.8% in the third quarter. Clarius Group LLC now owns 7,606 shares of the credit services provider’s stock valued at $445,000 after purchasing an additional 802 shares during the period. Finally, Charles Schwab Trust Co purchased a new stake in PayPal in the third quarter valued at approximately $253,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

NASDAQ:PYPL traded up $1.86 during mid-day trading on Friday, reaching $65.96. The stock had a trading volume of 14,190,444 shares, compared to its average volume of 9,031,016. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $69.43 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.23 and a beta of 1.45. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The business has a 50 day simple moving average of $62.87 and a 200 day simple moving average of $60.19.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 earnings per share. On average, analysts expect that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $85.00 target price on shares of PayPal in a research report on Thursday, February 8th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. Morgan Stanley reaffirmed an “equal weight” rating and set a $66.00 price objective (down previously from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. Finally, Wells Fargo & Company upped their price objective on PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.47.

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.