Kovitz Investment Group Partners LLC Cuts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Kovitz Investment Group Partners LLC decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 33.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 209,410 shares of the credit services provider's stock after selling 105,643 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in PayPal were worth $17,873,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PYPL. Rosenberg Matthew Hamilton boosted its holdings in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the period. Hurley Capital LLC purchased a new position in PayPal during the 4th quarter valued at $27,000. Sugarloaf Wealth Management LLC boosted its holdings in 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 acquiring an additional 272 shares during the period. Modus Advisors LLC purchased a new position in PayPal during the 4th quarter valued at $37,000. Finally, Bernard Wealth Management Corp. purchased a new position in PayPal during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

PYPL stock traded down $0.41 during trading on Monday, reaching $64.93. The company had a trading volume of 14,194,203 shares, compared to its average volume of 11,457,111. 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 Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The firm has a 50-day simple moving average of $66.76 and a 200-day simple moving average of $78.58. The company has a market cap of $63.46 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth 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 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 analysts' expectations of $8.27 billion. During the same period in the previous year, the business posted $1.48 EPS. The business's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PYPL shares. Robert W. Baird dropped their price objective on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Macquarie boosted their price objective on PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a report on Monday, February 10th. JPMorgan Chase & Co. restated an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Bank of America dropped their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Evercore ISI started coverage on PayPal in a report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.88.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal 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 completion of the sale, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company's stock.

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.