Arnhold LLC Sells 12,470 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Arnhold LLC decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,933 shares of the credit services provider's stock after selling 12,470 shares during the quarter. Arnhold LLC's holdings in PayPal were worth $11,004,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Three Seasons Wealth LLC bought a new stake in PayPal during the 4th quarter worth about $358,000. Nebula Research & Development LLC raised its stake in shares of PayPal by 136.9% in the fourth quarter. Nebula Research & Development LLC now owns 45,029 shares of the credit services provider's stock worth $3,843,000 after acquiring an additional 26,021 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of PayPal by 10.6% during the fourth quarter. Lord Abbett & CO. LLC now owns 759,847 shares of the credit services provider's stock worth $64,853,000 after purchasing an additional 73,111 shares in the last quarter. Rothschild Capital Partners LLC bought a new stake in shares of PayPal during the fourth quarter valued at approximately $603,000. Finally, Stonebridge Capital Advisors LLC increased its holdings in shares of PayPal by 164.0% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 86,077 shares of the credit services provider's stock valued at $7,347,000 after purchasing an additional 53,472 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Stock Up 3.7 %

Shares of PYPL stock opened at $64.77 on Friday. The firm's fifty day moving average price is $67.03 and its two-hundred day moving average price is $78.72. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm has a market capitalization of $64.07 billion, a P/E ratio of 16.15, a PEG ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The business 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%. PayPal's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 earnings per share. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PYPL. Evercore ISI initiated coverage on PayPal in a report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective on the stock. Bank of America cut their price target on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Piper Sandler lowered their price objective on PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. restated an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, Arete Research set a $81.00 price target on shares of PayPal in a research report on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.88.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction 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 sale, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.

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