TIAA Trust National Association Sells 3,481 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

TIAA Trust National Association lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 20.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,252 shares of the credit services provider’s stock after selling 3,481 shares during the period. TIAA Trust National Association’s holdings in PayPal were worth $814,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vestcor Inc increased its stake in shares of PayPal by 0.5% in the 4th quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock valued at $1,856,000 after purchasing an additional 140 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of PayPal by 1.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock valued at $1,072,000 after purchasing an additional 143 shares during the last quarter. Oxford Financial Group Ltd. increased its stake in shares of PayPal by 4.9% in the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock valued at $370,000 after purchasing an additional 150 shares during the last quarter. Donaldson Capital Management LLC increased its stake in shares of PayPal by 5.3% in the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after purchasing an additional 155 shares during the last quarter. Finally, Pine Haven Investment Counsel Inc increased its stake in shares of PayPal by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Daiwa Capital Markets lowered PayPal from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $64.00 to $62.00 in a research note on Tuesday, February 13th. Morgan Stanley reissued an “equal weight” rating and set a $66.00 price objective (down previously from $118.00) on shares of PayPal in a report on Tuesday, January 9th. BTIG Research reissued a “neutral” rating on shares of PayPal in a report on Friday, January 5th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Friday. Finally, Susquehanna raised their price objective on PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.47.

Insider Transactions at PayPal

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

PayPal Stock Performance

Shares of PayPal stock opened at $64.54 on Friday. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $77.95. The firm has a market capitalization of $69.17 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.48 and a beta of 1.45. The business has a 50-day simple moving average of $61.65 and a 200 day simple moving average of $59.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL) last issued its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating 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 business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the company posted $1.01 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

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.