Blair William & Co. IL Has $17.32 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Blair William & Co. IL cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,928 shares of the credit services provider's stock after selling 7,659 shares during the period. Blair William & Co. IL's holdings in PayPal were worth $17,320,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PYPL. Relyea Zuckerberg Hanson LLC raised its holdings in PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after buying an additional 3,976 shares in the last quarter. World Investment Advisors LLC acquired a new stake in PayPal in the 3rd quarter worth approximately $387,435,000. Nikko Asset Management Americas Inc. boosted its position in PayPal by 2.7% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after purchasing an additional 18,172 shares during the period. Fortem Financial Group LLC grew its holdings in PayPal by 28.0% during the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock valued at $2,842,000 after purchasing an additional 7,291 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of PayPal by 120.3% in the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider's stock valued at $125,461,000 after purchasing an additional 849,311 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PYPL. Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price on the stock in a research note on Friday, December 13th. Barclays lifted their price objective on PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. BTIG Research restated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Robert W. Baird dropped their price target on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods cut their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday. 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. According to data from MarketBeat, PayPal has an average rating of "Moderate Buy" and an average price target of $89.40.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company'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 transaction, the director now owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

PayPal Price Performance

NASDAQ PYPL traded down $0.14 during trading hours on Monday, reaching $65.01. 6,201,941 shares of the company's stock were exchanged, compared to its average volume of 11,206,299. The firm has a fifty day moving average of $76.28 and a 200-day moving average of $80.90. 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 Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The stock has a market cap of $64.31 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the company posted $1.48 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.