Clearbridge Investments LLC Has $797.18 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Clearbridge Investments LLC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,340,162 shares of the credit services provider's stock after selling 350,724 shares during the quarter. Clearbridge Investments LLC owned about 0.94% of PayPal worth $797,183,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. United Bank raised its holdings in shares of PayPal by 9.7% in 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 grew its position in 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 purchasing an additional 7,812 shares in the last quarter. Freedom Investment Management Inc. acquired a new stake in PayPal in the 3rd quarter valued at $359,000. CreativeOne Wealth LLC bought a new stake in PayPal during the 3rd quarter worth about $582,000. Finally, Public Sector Pension Investment Board boosted its stake in shares of PayPal by 4.3% during 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 buying an additional 2,000 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Insider Buying and Selling at PayPal

In other 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 completion of the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company's stock.

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Analyst Ratings Changes

Several research firms recently issued reports on PYPL. Citigroup reiterated an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Morgan Stanley raised their target price on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Robert W. Baird lowered their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, Piper Sandler cut their price target on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Sixteen equities 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 company's stock. Based on data from MarketBeat, PayPal has a consensus rating of "Moderate Buy" and a consensus price target of $89.40.

PayPal Price Performance

PYPL stock traded up $0.10 during mid-day trading on Monday, hitting $65.25. The stock had a trading volume of 11,545,416 shares, compared to its average volume of 11,226,606. The firm has a fifty day simple moving average of $76.28 and a 200 day simple moving average of $80.90. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $64.55 billion, a P/E ratio of 16.27, a P/E/G ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The company's revenue was up 4.2% on a year-over-year basis. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.