PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Trimmed by M Holdings Securities Inc.

M Holdings Securities Inc. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 91.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,832 shares of the credit services provider's stock after selling 31,495 shares during the quarter. M Holdings Securities Inc.'s holdings in PayPal were worth $242,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PYPL. FMR LLC grew its holdings in shares of PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of PayPal by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,615,476 shares of the credit services provider's stock worth $564,631,000 after acquiring an additional 84,337 shares during the period. World Investment Advisors LLC acquired a new stake in shares of PayPal in the third quarter valued at $387,435,000. Robeco Institutional Asset Management B.V. boosted its holdings in PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after purchasing an additional 2,689,162 shares during the period. Finally, Wellington Management Group LLP grew its stake in PayPal by 4.3% during the 3rd quarter. Wellington Management Group LLP now owns 2,570,789 shares of the credit services provider's stock worth $200,599,000 after purchasing an additional 106,435 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. 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 research note on Wednesday, February 26th. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Finally, DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Friday, February 28th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.03.

PayPal Price Performance

PYPL traded up $0.18 during midday trading on Tuesday, reaching $71.15. 2,666,564 shares of the company's stock were exchanged, compared to its average volume of 11,745,756. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The business's 50-day moving average price is $77.93 and its 200 day moving average price is $80.91. The stock has a market capitalization of $70.38 billion, a PE ratio of 17.74, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year 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 (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 company had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same period last year, the company earned $1.48 EPS. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is owned by company insiders.

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.