Douglass Winthrop Advisors LLC Decreases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Douglass Winthrop Advisors LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,974 shares of the credit services provider’s stock after selling 2,100 shares during the period. Douglass Winthrop Advisors LLC’s holdings in PayPal were worth $851,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the third quarter worth about $26,000. Rosenberg Matthew Hamilton lifted its stake in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of PayPal in the 3rd quarter worth approximately $36,000. Finally, Modus Advisors LLC purchased a new stake in PayPal during the 4th quarter valued at $37,000. 68.32% of the stock is currently owned by institutional investors.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the 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 directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Stock Performance

PYPL stock opened at $70.19 on Friday. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The firm has a market cap of $69.43 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.27 and a beta of 1.52. 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 firm has a 50-day simple moving average of $78.19 and a two-hundred day simple moving average of $80.80.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS 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 company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Robert W. Baird dropped their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Macquarie lifted their price target on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $90.03.

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.