Greenwich Wealth Management LLC Sells 233 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Greenwich Wealth Management LLC reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 79,934 shares of the credit services provider’s stock after selling 233 shares during the quarter. Greenwich Wealth Management LLC’s holdings in PayPal were worth $6,822,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC boosted its position in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of PayPal in the third quarter valued at approximately $36,000. Finally, Modus Advisors LLC bought a new stake in PayPal during the fourth quarter valued at approximately $37,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Performance

Shares of PayPal stock opened at $68.95 on Friday. The stock has a market cap 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 firm’s 50-day moving average is $79.96 and its 200 day moving average is $80.94. PayPal Holdings, Inc. has a 1 year low of $56.97 and a 1 year high of $93.66. 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 announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 EPS. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research analyst reports. Susquehanna lifted their target price 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. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Friday, February 28th. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Fourteen 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

Insider Buying and Selling

In other PayPal 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

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.