Neuberger Berman Group LLC Sells 74,515 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Neuberger Berman Group LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 12.5% in the 1st quarter, Holdings Channel reports. The firm owned 521,626 shares of the credit services provider’s stock after selling 74,515 shares during the quarter. Neuberger Berman Group LLC’s holdings in PayPal were worth $60,336,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wiley BROS. Aintree Capital LLC boosted its position in shares of PayPal by 1.9% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 4,892 shares of the credit services provider’s stock valued at $566,000 after acquiring an additional 90 shares during the last quarter. Shay Capital LLC boosted its position in shares of PayPal by 2.2% during the 4th quarter. Shay Capital LLC now owns 4,520 shares of the credit services provider’s stock valued at $852,000 after acquiring an additional 98 shares during the last quarter. Auxier Asset Management boosted its position in shares of PayPal by 6.4% during the 4th quarter. Auxier Asset Management now owns 1,667 shares of the credit services provider’s stock valued at $314,000 after acquiring an additional 100 shares during the last quarter. Front Row Advisors LLC boosted its position in shares of PayPal by 7.5% during the 4th quarter. Front Row Advisors LLC now owns 1,441 shares of the credit services provider’s stock valued at $272,000 after acquiring an additional 100 shares during the last quarter. Finally, First Command Bank boosted its position in shares of PayPal by 5.2% during the 1st quarter. First Command Bank now owns 2,023 shares of the credit services provider’s stock valued at $234,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 70.67% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research analyst reports. StockNews.com downgraded PayPal from a “hold” rating to a “sell” rating in a research report on Thursday, September 1st. JMP Securities raised their price objective on PayPal from $100.00 to $120.00 and gave the company a “market outperform” rating in a report on Wednesday, August 3rd. Credit Suisse Group raised their price objective on PayPal from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. Mizuho decreased their price objective on PayPal from $120.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Finally, Citigroup raised their price objective on PayPal to $122.00 in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.93.

PayPal Trading Down 2.5 %

PayPal stock opened at $94.00 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is $90.21 and its two-hundred day simple moving average is $90.75. PayPal Holdings, Inc. has a 12 month low of $67.58 and a 12 month high of $282.50. The company has a market capitalization of $108.71 billion, a price-to-earnings ratio of 54.02, a price-to-earnings-growth ratio of 2.01 and a beta of 1.45.

PayPal (NASDAQ:PYPLGet Rating) last released its earnings results on Tuesday, August 2nd. The credit services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.54 by $0.11. PayPal had a return on equity of 16.79% and a net margin of 7.79%. The business had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.76 billion. As a group, equities analysts predict that PayPal Holdings, Inc. will post 2.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Peggy Alford sold 21,791 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the transaction, the executive vice president now directly owns 18,100 shares of the company’s stock, valued at $1,770,542. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

About PayPal

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

Featured Articles

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.