Corient Private Wealth LLC Trims Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Corient Private Wealth LLC lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 577,039 shares of the credit services provider’s stock after selling 91,901 shares during the quarter. Corient Private Wealth LLC owned about 0.06% of PayPal worth $48,673,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal during the 3rd quarter worth $26,000. Sugarloaf Wealth Management LLC increased its stake in 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 purchasing an additional 272 shares during the period. Modus Advisors LLC purchased a new stake in shares of PayPal in the fourth quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of PayPal during the third quarter worth about $36,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $69.65 on Tuesday. The company has a market cap of $68.90 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.27 and a beta of 1.52. The business has a fifty day simple moving average of $79.56 and a 200-day simple moving average of $80.99. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. 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 (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on PYPL. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Friday, February 28th. Citigroup restated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

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.