PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 6,352 shares of the credit services provider’s stock after selling 493 shares during the period. Koshinski Asset Management Inc.’s holdings in PayPal were worth $390,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. State Street Corp boosted its position in shares of PayPal by 2.7% in the first quarter. State Street Corp now owns 45,423,344 shares of the credit services provider’s stock worth $3,449,434,000 after acquiring an additional 1,202,956 shares during the last quarter. Geode Capital Management LLC lifted its position in PayPal by 1.1% during the first quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider’s stock valued at $1,586,966,000 after buying an additional 235,651 shares in the last quarter. Morgan Stanley lifted its position in PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after buying an additional 873,181 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in PayPal by 110,462.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock valued at $1,220,431,000 after buying an additional 17,120,572 shares in the last quarter. Finally, Norges Bank acquired a new position in PayPal during the fourth quarter valued at approximately $1,022,333,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of recent research reports. Daiwa Capital Markets cut shares of PayPal from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $64.00 to $62.00 in a research report on Tuesday, February 13th. Citigroup reduced their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. DZ Bank cut shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research report on Friday, February 9th. Finally, Stephens reaffirmed an “equal weight” rating and set a $70.00 price target on shares of PayPal in a research report on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $70.47.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were 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 owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

PayPal Stock Performance

Shares of PYPL opened at $64.59 on Monday. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $77.95. The company has a market cap of $67.99 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.47 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a fifty day moving average of $62.12 and a 200-day moving average of $59.79.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion during 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 company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

PayPal 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.