Ecofi Investissements SA Sells 500 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Ecofi Investissements SA decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,200 shares of the credit services provider’s stock after selling 500 shares during the period. Ecofi Investissements SA’s holdings in PayPal were worth $569,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in PayPal by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock worth $1,849,884,000 after buying an additional 271,836 shares in the last quarter. FMR LLC grew its stake in shares of PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock worth $1,615,134,000 after acquiring an additional 2,161,582 shares during the period. Norges Bank bought a new stake in PayPal in the 4th quarter worth approximately $1,086,508,000. Invesco Ltd. increased its position in PayPal by 1.8% during the fourth quarter. Invesco Ltd. now owns 8,283,915 shares of the credit services provider’s stock valued at $707,032,000 after acquiring an additional 144,402 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its stake in shares of PayPal by 284.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock valued at $666,100,000 after purchasing an additional 5,772,198 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PYPL shares. Arete Research set a $81.00 price objective on shares of PayPal in a research note on Thursday, March 27th. Evercore ISI started coverage on shares of PayPal in a research note on Wednesday, April 9th. They set an “in-line” rating and a $65.00 price target on the stock. Morgan Stanley upped their price objective on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Monness Crespi & Hardt lowered their target price on PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.84.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’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 completion of the sale, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

PayPal Stock Up 1.3 %

NASDAQ PYPL opened at $61.00 on Friday. The stock has a 50 day moving average price of $68.22 and a 200-day moving average price of $79.17. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a market capitalization of $60.34 billion, a P/E ratio of 15.21, a P/E/G ratio of 1.27 and a beta of 1.60. 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) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 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 business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the business earned $1.48 earnings per share. PayPal’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.