Kensington Investment Counsel LLC Sells 224 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Kensington Investment Counsel LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,742 shares of the credit services provider’s stock after selling 224 shares during the quarter. Kensington Investment Counsel LLC’s holdings in PayPal were worth $1,002,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. United Bank increased its stake in shares of PayPal by 9.7% during the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after buying an additional 794 shares during the period. OneDigital Investment Advisors LLC increased its stake in shares of PayPal by 12.6% during the third quarter. OneDigital Investment Advisors LLC now owns 13,862 shares of the credit services provider’s stock valued at $1,082,000 after buying an additional 1,555 shares during the period. Natixis Advisors LLC increased its stake in shares of PayPal by 4.2% during the third quarter. Natixis Advisors LLC now owns 591,223 shares of the credit services provider’s stock valued at $46,133,000 after buying an additional 23,890 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new position in shares of PayPal during the third quarter valued at approximately $222,000. Finally, Claro Advisors LLC increased its stake in shares of PayPal by 54.4% during the third quarter. Claro Advisors LLC now owns 8,744 shares of the credit services provider’s stock valued at $682,000 after buying an additional 3,082 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 1.0 %

PYPL stock opened at $69.65 on Tuesday. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The business’s 50-day moving average is $79.56 and its two-hundred day moving average is $80.99. 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 market cap of $68.90 billion, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last posted 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 return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. PayPal’s revenue was up 4.2% on a year-over-year basis. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PYPL. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research note on Friday, December 13th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Friday, February 28th. Finally, Robert W. Baird reduced their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.03.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

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.