PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,856 shares of the credit services provider's stock after selling 4,000 shares during the period. PayPal comprises 1.0% of Washington Trust Advisors Inc.'s investment portfolio, making the stock its 26th biggest position. Washington Trust Advisors Inc.'s holdings in PayPal were worth $12,449,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Relyea Zuckerberg Hanson LLC raised its position in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC acquired a new stake in PayPal in the 3rd quarter valued at about $387,435,000. United Advisor Group LLC acquired a new stake in shares of PayPal during the 3rd quarter worth about $810,000. Equity Investment Corp raised its position in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock worth $155,927,000 after acquiring an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. raised its position in shares of PayPal by 68.9% during the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider's stock worth $3,253,000 after acquiring an additional 17,003 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PYPL shares. Bank of America raised PayPal from a "neutral" rating to a "buy" rating and raised their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. 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 note on Wednesday, February 5th. Morgan Stanley boosted their price objective on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Citigroup reiterated an "outperform" rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, Barclays boosted their price objective on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.03.

PayPal Stock Performance

Shares of PYPL stock opened at $69.50 on Thursday. The company has a market cap of $68.75 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $82.48 and a 200-day simple moving average of $81.09. PayPal Holdings, Inc. has a 12-month low of $56.97 and a 12-month high of $93.66.

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

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company's stock.

PayPal Company 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.

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