Troy Asset Management Ltd Sells 1,048 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Troy Asset Management Ltd reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 381,766 shares of the credit services provider’s stock after selling 1,048 shares during the quarter. PayPal comprises 1.1% of Troy Asset Management Ltd’s portfolio, making the stock its 21st biggest holding. Troy Asset Management Ltd’s holdings in PayPal were worth $32,584,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PYPL. United Bank increased its position in PayPal by 9.7% during the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after acquiring an additional 794 shares during the period. Townsquare Capital LLC grew its position in PayPal by 23.1% in the 3rd quarter. Townsquare Capital LLC now owns 41,561 shares of the credit services provider’s stock worth $3,243,000 after purchasing an additional 7,812 shares during the last quarter. Freedom Investment Management Inc. bought a new position in shares of PayPal during the 3rd quarter worth about $359,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of PayPal by 5.4% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 321,643 shares of the credit services provider’s stock valued at $25,098,000 after buying an additional 16,510 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in shares of PayPal in the third quarter valued at about $582,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

PayPal Stock Performance

PYPL stock opened at $65.15 on Friday. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $64.45 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The business’s fifty day moving average is $76.28 and its 200-day moving average is $80.73.

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 the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several recent research reports. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup restated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Susquehanna lifted their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Barclays increased their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Fifteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.03.

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.