Wintrust Investments LLC Has $83,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Wintrust Investments LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 39.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 982 shares of the credit services provider’s stock after selling 635 shares during the period. Wintrust Investments LLC’s holdings in PayPal were worth $83,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC lifted its holdings in PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after buying an additional 7,767,072 shares during the period. Mizuho Securities USA LLC lifted its holdings in PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after buying an additional 10,419,351 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in PayPal by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider’s stock valued at $564,631,000 after buying an additional 84,337 shares during the period. Primecap Management Co. CA lifted its holdings in PayPal by 21.6% in the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after buying an additional 1,069,356 shares during the period. Finally, World Investment Advisors LLC acquired a new position in PayPal in the third quarter valued at $387,435,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PYPL. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $86.00 to $103.00 in a report on Monday, December 9th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Citigroup reiterated an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Friday, February 28th. Finally, Morgan Stanley upped their price objective on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average target price of $90.03.

PayPal Trading Down 2.5 %

Shares of PYPL stock opened at $66.91 on Friday. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50-day simple moving average of $80.33 and a two-hundred day simple moving average of $80.90. The company has a market capitalization of $66.19 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.27 and a beta of 1.52.

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

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred 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 directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

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.