Brown Brothers Harriman & Co. Has $3.55 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Brown Brothers Harriman & Co. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 22.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd acquired a new stake in PayPal during the third quarter worth about $26,000. Rosenberg Matthew Hamilton increased its holdings in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC raised its position in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares during the period. Legacy Investment Solutions LLC purchased a new stake in PayPal in the third quarter valued at approximately $36,000. Finally, Modus Advisors LLC acquired a new stake in shares of PayPal in the fourth quarter valued at $37,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of NASDAQ PYPL traded up $1.11 during trading on Wednesday, hitting $67.21. The company had a trading volume of 2,646,539 shares, compared to its average volume of 11,185,891. The business's 50-day moving average is $75.28 and its 200 day moving average is $80.83. The company has a market cap of $66.49 billion, a P/E ratio of 16.77, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 EPS. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Royal Bank of Canada restated an "outperform" rating and set a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Robert W. Baird dropped their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Arete Research downgraded PayPal from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 27th. Finally, Susquehanna boosted 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. Sixteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.40.

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.