Savant Capital LLC Sells 726 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Savant Capital LLC decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,890 shares of the credit services provider’s stock after selling 726 shares during the period. Savant Capital LLC’s holdings in PayPal were worth $792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Avory & Company LLC purchased a new stake in PayPal in the fourth quarter worth about $253,000. Certuity LLC lifted its stake in shares of PayPal by 12.4% in the 4th quarter. Certuity LLC now owns 7,563 shares of the credit services provider’s stock valued at $464,000 after purchasing an additional 836 shares during the period. Intrust Bank NA bought a new stake in shares of PayPal during the fourth quarter valued at approximately $236,000. Greatmark Investment Partners Inc. grew its stake in PayPal by 13.9% in the fourth quarter. Greatmark Investment Partners Inc. now owns 220,474 shares of the credit services provider’s stock worth $13,539,000 after purchasing an additional 26,884 shares during the period. Finally, Investment House LLC grew its stake in PayPal by 18.5% in the fourth quarter. Investment House LLC now owns 184,994 shares of the credit services provider’s stock worth $11,360,000 after purchasing an additional 28,938 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Down 1.9 %

PayPal stock opened at $65.70 on Friday. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The stock has a fifty day moving average of $63.69 and a 200 day moving average of $60.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.28. The stock has a market cap of $68.73 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PYPL has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Wednesday. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Canaccord Genuity Group cut their price objective on shares of PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. JPMorgan Chase & Co. lowered their target price on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Finally, UBS Group upped their price target on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday. Twenty-five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $72.73.

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.