Whittier Trust Co. of Nevada Inc. Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Whittier Trust Co. of Nevada Inc. reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,921 shares of the credit services provider’s stock after selling 293 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in PayPal were worth $420,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal during the third quarter valued at $26,000. Rosenberg Matthew Hamilton boosted its stake in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC boosted its stake in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Legacy Investment Solutions LLC purchased a new stake in shares of PayPal during the third quarter valued at $36,000. Finally, Modus Advisors LLC purchased a new stake in shares of PayPal during the fourth quarter valued at $37,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $70.19 on Friday. The business’s 50 day moving average price is $78.19 and its 200 day moving average price is $80.86. The firm has a market cap of $69.43 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.48 earnings per share. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PYPL shares. BTIG Research restated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Barclays lifted their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, Susquehanna lifted their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

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.