Knuff & Co LLC Sells 775 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Knuff & Co LLC lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,325 shares of the credit services provider’s stock after selling 775 shares during the period. Knuff & Co LLC’s holdings in PayPal were worth $540,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its position in PayPal by 12.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 28,738 shares of the credit services provider’s stock valued at $2,453,000 after purchasing an additional 3,070 shares in the last quarter. HighTower Advisors LLC raised its position in PayPal by 0.7% during the fourth quarter. HighTower Advisors LLC now owns 484,724 shares of the credit services provider’s stock valued at $41,371,000 after acquiring an additional 3,412 shares in the last quarter. Natural Investments LLC purchased a new stake in shares of PayPal in the fourth quarter valued at approximately $233,000. Fairway Wealth LLC acquired a new stake in shares of PayPal in the fourth quarter worth approximately $51,000. Finally, Eos Management L.P. acquired a new position in PayPal during the fourth quarter worth $1,000,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ:PYPL opened at $67.98 on Wednesday. The company has a fifty day simple moving average of $81.05 and a two-hundred day simple moving average of $81.08. The company has a market cap of $67.25 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. Robert W. Baird cut their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research report on Friday, December 13th. Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were 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 owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

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.