Brown Brothers Harriman & Co. Sells 11,731 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Brown Brothers Harriman & Co. reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 22.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 41,605 shares of the credit services provider's stock after selling 11,731 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in PayPal were worth $3,551,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. United Bank lifted its holdings in 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 purchasing an additional 794 shares during the last quarter. Townsquare Capital LLC boosted its position in shares of PayPal by 23.1% in the third quarter. Townsquare Capital LLC now owns 41,561 shares of the credit services provider's stock valued at $3,243,000 after acquiring an additional 7,812 shares during the period. Freedom Investment Management Inc. purchased a new position in PayPal during the third quarter valued at approximately $359,000. CreativeOne Wealth LLC bought a new stake in PayPal during the 3rd quarter worth approximately $582,000. Finally, Public Sector Pension Investment Board lifted its stake in PayPal by 4.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 48,228 shares of the credit services provider's stock worth $3,763,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Stock Up 0.2 %

Shares of PayPal stock traded up $0.10 during trading on Monday, hitting $65.25. The company's stock had a trading volume of 11,545,416 shares, compared to its average volume of 11,226,548. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a market capitalization of $64.55 billion, a PE ratio of 16.27, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a fifty day simple moving average of $76.28 and a two-hundred day simple moving average of $80.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

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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, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business's revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $1.48 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Piper Sandler decreased their price target on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Citigroup restated an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. BTIG Research restated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Morgan Stanley boosted their price objective on shares of PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Finally, Barclays increased their target price on shares of PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Sixteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $89.40.

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.