PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 20.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,576 shares of the credit services provider’s stock after selling 1,201 shares during the period. Curi RMB Capital LLC’s holdings in PayPal were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Anchor Investment Management LLC boosted its stake in PayPal by 9.9% during the third quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider’s stock worth $2,748,000 after buying an additional 3,175 shares during the period. Boyar Asset Management Inc. acquired a new position in PayPal during the 3rd quarter worth $208,000. World Investment Advisors LLC acquired a new stake in PayPal in the 3rd quarter valued at about $5,296,000. Sfmg LLC acquired a new position in shares of PayPal during the third quarter worth about $234,000. Finally, Wilmington Savings Fund Society FSB increased its stake in shares of PayPal by 196.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider’s stock worth $798,000 after buying an additional 6,772 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PayPal stock opened at $60.28 on Tuesday. The stock has a market capitalization of $59.63 billion, a P/E ratio of 15.03, a PEG ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. 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 business’s fifty day moving average price is $67.90 and its 200 day moving average price is $79.06.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share 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 for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the business posted $1.48 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of PayPal from a “buy” rating to a “hold” rating in a research report on Monday, April 14th. Morgan Stanley boosted their price target on shares of PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Keefe, Bruyette & Woods dropped their price target on PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 31st. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, Macquarie upped their price target on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $86.84.

Insider Transactions at PayPal

In other PayPal 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 transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.