Coldstream Capital Management Inc. Has $638,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Coldstream Capital Management Inc. decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 9.5% during the 4th quarter, Holdings Channel reports. The firm owned 10,390 shares of the credit services provider’s stock after selling 1,094 shares during the quarter. Coldstream Capital Management Inc.’s holdings in PayPal were worth $638,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Sapient Capital LLC bought a new position in shares of PayPal in the fourth quarter valued at approximately $806,000. Louisiana State Employees Retirement System bought a new position in PayPal in the 4th quarter valued at $9,267,000. Bartlett & Co. LLC boosted its stake in PayPal by 8.5% in the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after purchasing an additional 740 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of PayPal by 9.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock worth $53,344,000 after purchasing an additional 73,687 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of PayPal by 4.9% in the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after buying an additional 942 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PYPL. Sanford C. Bernstein increased their price objective on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Oppenheimer reissued a “market perform” rating on shares of PayPal in a report on Thursday, January 25th. Wells Fargo & Company upped their price objective on PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Susquehanna lifted their target price on PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, Monness Crespi & Hardt upped their price target on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.73.

Check Out Our Latest Report on PayPal

PayPal Price Performance

Shares of NASDAQ PYPL opened at $62.19 on Thursday. The company has a fifty day moving average price of $64.85 and a 200 day moving average price of $61.53. The firm has a market cap of $65.05 billion, a PE ratio of 15.66, a PEG ratio of 1.05 and a beta of 1.41. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. Research analysts predict that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction on 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 owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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