Brookstone Capital Management Sells 6,173 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Brookstone Capital Management trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 52.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,543 shares of the credit services provider’s stock after selling 6,173 shares during the quarter. Brookstone Capital Management’s holdings in PayPal were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PYPL. Moneta Group Investment Advisors LLC increased its position in PayPal by 110,462.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock worth $1,220,431,000 after purchasing an additional 17,120,572 shares during the period. Norges Bank acquired a new stake in PayPal in the fourth quarter worth about $1,022,333,000. Clearbridge Investments LLC increased its position in PayPal by 122.0% in the first quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider’s stock worth $720,555,000 after purchasing an additional 3,424,122 shares during the period. Nuveen Asset Management LLC increased its position in PayPal by 36.2% in the second quarter. Nuveen Asset Management LLC now owns 10,771,095 shares of the credit services provider’s stock worth $718,755,000 after purchasing an additional 2,862,766 shares during the period. Finally, Nordea Investment Management AB increased its position in PayPal by 420.6% in the third quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock worth $190,371,000 after purchasing an additional 2,616,774 shares during the period. 68.42% of the stock is owned by institutional investors.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

PayPal Trading Up 1.0 %

NASDAQ PYPL opened at $66.67 on Wednesday. The stock has a market capitalization of $71.45 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 1.50 and a beta of 1.44. The stock’s 50 day moving average price is $61.16 and its two-hundred day moving average price is $59.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $77.95.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The business’s revenue was up 8.7% compared to the same quarter last year. As a group, analysts anticipate that PayPal Holdings, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

PYPL has been the subject of a number of research reports. Wedbush reiterated an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. Susquehanna boosted their target price on PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Stephens restated an “equal weight” rating and set a $70.00 target price on shares of PayPal in a research report on Thursday, February 8th. Canaccord Genuity Group decreased their target price on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, Mizuho decreased their target price on PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $70.47.

View Our Latest Stock Report on PayPal

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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