Commerce Bank Lowers Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Commerce Bank cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,083 shares of the credit services provider's stock after selling 7,106 shares during the period. Commerce Bank's holdings in PayPal were worth $2,994,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Farringdon Capital Ltd. acquired a new position in shares of PayPal during the fourth quarter valued at $561,000. Demars Financial Group LLC lifted its stake in PayPal by 7,920.3% in the fourth quarter. Demars Financial Group LLC now owns 542,490 shares of the credit services provider's stock valued at $46,302,000 after buying an additional 535,726 shares during the period. MSH Capital Advisors LLC acquired a new stake in shares of PayPal in the 4th quarter valued at approximately $1,618,000. NewEdge Advisors LLC boosted its stake in PayPal by 2.1% during the 4th quarter. NewEdge Advisors LLC now owns 32,922 shares of the credit services provider's stock worth $2,810,000 after acquiring an additional 675 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in PayPal by 1.3% during the 4th quarter. Evergreen Capital Management LLC now owns 154,395 shares of the credit services provider's stock worth $13,178,000 after acquiring an additional 2,023 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Up 2.9 %

PayPal stock traded up $1.82 during trading on Thursday, hitting $64.28. 5,075,433 shares of the company were exchanged, compared to its average volume of 11,433,704. The business's 50 day moving average is $67.29 and its 200 day moving average is $78.82. The company has a market capitalization of $63.59 billion, a P/E ratio of 16.03, a PEG ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 52 week low of $55.85 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.

PayPal (NASDAQ:PYPL - Get Free Report) last issued 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. The company had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 earnings per share. Analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on PYPL shares. Monness Crespi & Hardt cut their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. 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 research report on Wednesday, February 26th. Bank of America cut their price objective on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal has an average 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 firm's stock in a transaction on Thursday, February 27th. The stock was 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 owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company's stock.

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.