PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Team Hewins LLC

Team Hewins LLC decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,665 shares of the credit services provider’s stock after selling 587 shares during the quarter. Team Hewins LLC’s holdings in PayPal were worth $379,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in PayPal during the 4th quarter worth approximately $749,561,000. Charles Schwab Investment Management Inc. boosted its stake in shares of PayPal by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after buying an additional 265,116 shares during the period. First Trust Advisors LP boosted its stake in shares of PayPal by 1.7% during the 4th quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock valued at $225,283,000 after buying an additional 61,384 shares during the period. Hsbc Holdings PLC boosted its stake in shares of PayPal by 11.9% during the 4th quarter. Hsbc Holdings PLC now owns 2,891,840 shares of the credit services provider’s stock valued at $177,541,000 after buying an additional 306,613 shares during the period. Finally, HS Management Partners LLC boosted its stake in shares of PayPal by 11.3% during the 4th quarter. HS Management Partners LLC now owns 2,196,910 shares of the credit services provider’s stock valued at $134,912,000 after buying an additional 222,410 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of research reports. Stephens lifted their target price on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. TD Cowen lifted their price objective on shares of PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. New Street Research started coverage on shares of PayPal in a research note on Friday, May 31st. They issued a “buy” rating and a $80.00 price objective for the company. Sanford C. Bernstein lifted their price objective on shares of PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a research note on Thursday, April 18th. Finally, Mizuho raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $90.00 in a research note on Thursday, May 30th. Twenty investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, PayPal presently has a consensus rating of “Hold” and an average price target of $73.82.

PayPal Stock Up 1.8 %

PYPL traded up $1.07 during trading hours on Thursday, hitting $59.97. 9,295,423 shares of the company’s stock were exchanged, compared to its average volume of 14,734,098. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The stock’s 50-day moving average is $62.16 and its two-hundred day moving average is $62.27. The stock has a market cap of $62.73 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.97 and a beta of 1.42. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.