ST Germain D J Co. Inc. Decreases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

ST Germain D J Co. Inc. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 959 shares of the credit services provider’s stock after selling 284 shares during the period. ST Germain D J Co. Inc.’s holdings in PayPal were worth $56,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Sapient Capital LLC acquired a new stake in PayPal during the 4th quarter valued at approximately $806,000. Louisiana State Employees Retirement System acquired a new stake in PayPal during the 4th quarter worth about $9,267,000. Fiduciary Alliance LLC raised its stake in shares of PayPal by 604.7% during the 1st quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock valued at $3,452,000 after buying an additional 45,544 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of PayPal by 9.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after buying an additional 73,687 shares during the period. Finally, Vontobel Holding Ltd. lifted its holdings in shares of PayPal by 2.2% in the 4th quarter. Vontobel Holding Ltd. now owns 1,737,878 shares of the credit services provider’s stock valued at $106,723,000 after buying an additional 37,692 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on PYPL shares. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. TD Cowen increased their price target on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday. Macquarie lifted their price target on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets increased their price target on PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Eighteen investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.94.

PayPal Trading Up 3.8 %

Shares of NASDAQ PYPL traded up $2.29 during midday trading on Tuesday, reaching $62.75. 14,258,120 shares of the stock were exchanged, compared to its average volume of 14,729,117. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $70.66. The stock has a market capitalization of $64.15 billion, a P/E ratio of 15.91, a PEG ratio of 0.93 and a beta of 1.42. The company has a 50 day simple moving average of $60.99 and a 200 day simple moving average of $62.25. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.24.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares in the company, valued at approximately $861,620.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

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.