Ironwood Investment Counsel LLC Sells 822 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Ironwood Investment Counsel LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,558 shares of the credit services provider’s stock after selling 822 shares during the period. Ironwood Investment Counsel LLC’s holdings in PayPal were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PYPL. Mizuho Securities USA LLC boosted its position in shares of PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. FMR LLC boosted its position in shares of PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of PayPal during the 3rd quarter valued at about $387,435,000. Robeco Institutional Asset Management B.V. boosted its position in shares of PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after purchasing an additional 2,689,162 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of PayPal during the 4th quarter valued at about $135,537,000. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on 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 transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. DZ Bank upgraded 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 target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Fourteen 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 stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average price target of $90.03.

PayPal Stock Performance

Shares of PYPL opened at $68.95 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $68.21 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.27 and a beta of 1.52. The stock has a 50 day moving average of $79.96 and a 200 day moving average of $80.88. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results 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. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the business posted $1.48 earnings per share. PayPal’s revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts forecast 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.