PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Lessened by Cohen Capital Management Inc.

Cohen Capital Management Inc. lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,771 shares of the credit services provider’s stock after selling 4,402 shares during the period. Cohen Capital Management Inc.’s holdings in PayPal were worth $1,391,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PYPL. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of PayPal in the fourth quarter valued at $25,000. Pittenger & Anderson Inc. raised its stake in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. American National Bank acquired a new stake in PayPal during the 1st quarter valued at $27,000. Private Wealth Management Group LLC acquired a new stake in PayPal during the 4th quarter valued at $29,000. Finally, Register Financial Advisors LLC acquired a new stake in PayPal during the 1st quarter valued at $30,000. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ:PYPL traded up $1.09 during mid-day trading on Thursday, hitting $59.99. The company’s stock had a trading volume of 13,070,562 shares, compared to its average volume of 14,762,607. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $62.75 billion, a price-to-earnings ratio of 15.11, a P/E/G ratio of 0.97 and a beta of 1.42. The stock has a fifty day moving average of $62.02 and a 200-day moving average of $62.25.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the company earned $0.86 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on PYPL. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Tuesday, April 30th. Monness Crespi & Hardt boosted their target price on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Susquehanna raised shares of PayPal from a “neutral” rating to a “positive” rating and set a $71.00 target price on the stock in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 price target on shares of PayPal in a report on Thursday. Finally, TD Cowen boosted their price target on shares of PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Twenty analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, PayPal has an average rating of “Hold” and an average price target of $73.82.

Insider Buying and Selling

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the sale, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.

PayPal 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.