PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,117 shares of the credit services provider’s stock after selling 3,000 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in PayPal were worth $2,291,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB increased its stake in PayPal by 5.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 96,412 shares of the credit services provider’s stock worth $6,291,000 after acquiring an additional 4,873 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new stake in PayPal during the fourth quarter worth $47,000. 111 Capital acquired a new stake in PayPal during the fourth quarter worth $2,916,000. Wealth Enhancement Advisory Services LLC increased its stake in PayPal by 62.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 119,207 shares of the credit services provider’s stock worth $10,174,000 after acquiring an additional 45,670 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in PayPal by 0.5% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 114,630 shares of the credit services provider’s stock worth $9,784,000 after acquiring an additional 583 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 0.1%

PYPL stock opened at $71.44 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 $55.85 and a twelve month high of $93.66. The company’s 50 day moving average is $66.34 and its two-hundred day moving average is $76.93. The stock has a market cap of $69.48 billion, a P/E ratio of 17.82, a PEG ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.84 billion. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PYPL shares. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Friday, February 28th. Barclays lowered their price target on PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Citigroup lowered their price target on PayPal from $98.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Finally, BMO Capital Markets lowered their price target on PayPal from $83.00 to $79.00 and set a “market perform” rating for the company in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $83.68.

About PayPal

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.