Congress Wealth Management LLC DE Cuts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Congress Wealth Management LLC DE lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 48.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,723 shares of the credit services provider's stock after selling 19,665 shares during the period. Congress Wealth Management LLC DE's holdings in PayPal were worth $1,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Park Place Capital Corp grew its position in shares of PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after buying an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after purchasing an additional 125 shares during the last quarter. JFS Wealth Advisors LLC increased its position in shares of PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares in the last quarter. Wynn Capital LLC lifted its holdings in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after purchasing an additional 130 shares during the last quarter. Finally, Avalon Trust Co boosted its position in shares of PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after purchasing an additional 135 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

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PayPal Trading Down 5.4 %

Shares of PYPL stock traded down $3.71 on Friday, hitting $65.15. 16,521,449 shares of the stock traded hands, compared to its average volume of 11,225,267. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The stock has a market capitalization of $64.45 billion, a PE ratio of 16.25, a PEG ratio of 1.27 and a beta of 1.52. The firm's 50-day moving average price is $76.28 and its two-hundred day moving average price is $80.90. 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 (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share 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 quarter in the prior year, the company posted $1.48 EPS. The business's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods increased their price target on PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and increased their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Piper Sandler decreased their price target on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Sixteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $90.03.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company 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.