Rockefeller Capital Management L.P. Lowers Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Rockefeller Capital Management L.P. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 567,291 shares of the credit services provider's stock after selling 191,073 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.06% of PayPal worth $48,416,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Place Capital Corp increased its stake in shares of PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after buying an additional 116 shares during the period. Rosenberg Matthew Hamilton boosted 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 valued at $26,000 after acquiring an additional 125 shares during the last quarter. JFS Wealth Advisors LLC increased its position in PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after purchasing an additional 125 shares during the period. Wynn Capital LLC raised its holdings in PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after purchasing an additional 130 shares during the last quarter. Finally, Avalon Trust Co lifted 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 during the period. 68.32% of the stock is currently owned by institutional investors.

Remove Ads

PayPal Stock Performance

PYPL traded down $0.27 during trading hours on Tuesday, hitting $62.00. The stock had a trading volume of 9,126,174 shares, compared to its average volume of 11,469,129. The stock has a market cap of $61.33 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company's fifty day simple moving average is $69.54 and its 200 day simple moving average is $79.65.

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 (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 company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. The company's quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent analyst reports. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research note on Friday, February 28th. Susquehanna raised their price objective on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Macquarie lifted their price target on shares of PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Finally, Evercore ISI assumed coverage on shares of PayPal in a report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective on the stock. Sixteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $87.03.

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.