Shell Asset Management Co. Sells 1,130 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Shell Asset Management Co. reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,158 shares of the credit services provider’s stock after selling 1,130 shares during the quarter. Shell Asset Management Co.’s holdings in PayPal were worth $6,671,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PYPL. Sig Brokerage LP acquired a new position in shares of PayPal during the 4th quarter worth approximately $589,000. Rafferty Asset Management LLC lifted its stake in PayPal by 1.3% in the 4th quarter. Rafferty Asset Management LLC now owns 562,201 shares of the credit services provider’s stock valued at $47,984,000 after purchasing an additional 7,134 shares during the last quarter. Raiffeisen Bank International AG bought a new position in PayPal in the 4th quarter valued at approximately $707,000. Redwood Financial Network Corp raised its stake in shares of PayPal by 4.8% during the fourth quarter. Redwood Financial Network Corp now owns 3,208 shares of the credit services provider’s stock valued at $274,000 after acquiring an additional 147 shares during the last quarter. Finally, Redwood Investment Management LLC bought a new position in PayPal during the fourth quarter worth $1,447,000. 68.32% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by company insiders.

PayPal Trading Down 1.5%

PYPL opened at $71.57 on Friday. The business has a 50 day simple moving average of $65.90 and a two-hundred day simple moving average of $77.45. The firm has a market capitalization of $69.60 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.27 and a beta of 1.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The business’s revenue was up 1.2% compared to the same quarter last year. Analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on PYPL. UBS Group reduced their price target on shares of PayPal from $88.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Evercore ISI began coverage on PayPal in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $65.00 price target for the company. Bank of America reduced their price target on PayPal from $103.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Arete Research set a $81.00 price target on PayPal in a research report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $83.68.

About PayPal

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.