Sei Investments Co. Sells 53,637 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Sei Investments Co. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 5.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 858,032 shares of the credit services provider’s stock after selling 53,637 shares during the period. Sei Investments Co.’s holdings in PayPal were worth $52,692,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Sapient Capital LLC acquired a new position in shares of PayPal during the 4th quarter valued at about $806,000. Louisiana State Employees Retirement System acquired a new position in PayPal during the fourth quarter valued at approximately $9,267,000. Bartlett & Co. LLC raised its position in shares of PayPal by 8.5% in the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after purchasing an additional 740 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of PayPal by 9.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after purchasing an additional 73,687 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in shares of PayPal by 4.9% in the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock worth $1,183,000 after buying an additional 942 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Monness Crespi & Hardt lifted their target price on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, April 29th. BMO Capital Markets boosted their price objective on PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Robert W. Baird increased their target price on PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Mizuho raised PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $90.00 in a research report on Thursday, May 30th. Finally, JMP Securities increased their price objective on PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Twenty-two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.64.

View Our Latest Research Report on PayPal

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the sale, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Trading Down 0.3 %

PYPL stock opened at $67.09 on Tuesday. The business has a fifty day moving average price of $64.41 and a 200 day moving average price of $62.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The stock has a market capitalization of $70.18 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.10 and a beta of 1.43.

PayPal (NASDAQ:PYPLGet Free Report) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 4.14 EPS for the current fiscal year.

PayPal Company 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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