PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by CSM Advisors LLC

CSM Advisors LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,030 shares of the credit services provider's stock after selling 7,360 shares during the quarter. PayPal makes up approximately 1.2% of CSM Advisors LLC's investment portfolio, making the stock its 24th largest holding. CSM Advisors LLC's holdings in PayPal were worth $18,352,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new position in PayPal during the 4th quarter worth about $1,086,508,000. Capital Research Global Investors lifted its position in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after purchasing an additional 9,313,783 shares during the period. Artisan Partners Limited Partnership boosted its stake in shares of PayPal by 284.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after purchasing an additional 5,772,198 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in PayPal by 174.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock worth $361,316,000 after buying an additional 2,689,162 shares during the last quarter. Finally, FMR LLC grew its holdings in PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after acquiring an additional 2,161,582 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction dated 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 sale, the director now directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by company insiders.

PayPal Price Performance

PYPL traded up $2.31 during trading on Thursday, reaching $64.77. 10,866,397 shares of the company traded hands, compared to its average volume of 11,468,784. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The firm has a fifty day simple moving average of $67.03 and a 200 day simple moving average of $78.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap 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 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. 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 quarter last year, the firm earned $1.48 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Friday, February 28th. Macquarie upped their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Seaport Res Ptn downgraded PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Finally, 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. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.88.

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.