PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Tompkins Financial Corp

Tompkins Financial Corp lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 66.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,130 shares of the credit services provider’s stock after selling 2,254 shares during the quarter. Tompkins Financial Corp’s holdings in PayPal were worth $69,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Exchange Traded Concepts LLC raised its stake in PayPal by 27.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 43,803 shares of the credit services provider’s stock worth $2,690,000 after acquiring an additional 9,424 shares during the period. Red Spruce Capital LLC raised its stake in PayPal by 0.7% during the fourth quarter. Red Spruce Capital LLC now owns 77,858 shares of the credit services provider’s stock worth $4,781,000 after acquiring an additional 507 shares during the period. Green Alpha Advisors LLC raised its stake in PayPal by 139.0% during the fourth quarter. Green Alpha Advisors LLC now owns 14,591 shares of the credit services provider’s stock worth $896,000 after acquiring an additional 8,487 shares during the period. Doliver Advisors LP grew its position in PayPal by 6.2% in the 4th quarter. Doliver Advisors LP now owns 26,406 shares of the credit services provider’s stock worth $1,622,000 after purchasing an additional 1,536 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new position in PayPal in the 4th quarter worth about $1,787,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Insider Buying and Selling

In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Stock Down 0.2 %

PYPL stock opened at $62.85 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $77.95. The company has a fifty day simple moving average of $60.72 and a 200 day simple moving average of $59.29. The firm has a market cap of $67.36 billion, a PE ratio of 16.37, a PEG ratio of 1.43 and a beta of 1.44.

PayPal (NASDAQ:PYPLGet Free Report) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada upped their target price on shares of PayPal from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Argus cut shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $66.00 price objective (down from $118.00) on shares of PayPal in a report on Tuesday, January 9th. Stephens reiterated an “equal weight” rating and issued a $70.00 price objective on shares of PayPal in a report on Thursday, February 8th. Finally, BMO Capital Markets decreased their price objective on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $70.63.

View Our Latest Report on PYPL

PayPal Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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