PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,681 shares of the credit services provider’s stock after selling 6,266 shares during the quarter. Jacobs & Co. CA’s holdings in PayPal were worth $4,586,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bartlett & Co. LLC boosted its holdings in PayPal by 8.5% in the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after purchasing an additional 740 shares during the period. Sunbelt Securities Inc. boosted its holdings in 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 purchasing an additional 942 shares during the period. First Hawaiian Bank boosted its holdings in PayPal by 8.6% in the fourth quarter. First Hawaiian Bank now owns 6,936 shares of the credit services provider’s stock worth $426,000 after purchasing an additional 552 shares during the period. Litman Gregory Wealth Management LLC acquired a new position in PayPal in the third quarter worth $8,639,000. Finally, Hudson Bay Capital Management LP acquired a new position in PayPal in the third quarter worth $5,261,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 0.1 %

Shares of PYPL stock opened at $66.57 on Thursday. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $77.95. The firm has a market cap of $71.35 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. The stock has a 50 day moving average of $61.32 and a 200-day moving average of $59.36. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. On average, equities analysts predict that PayPal Holdings, Inc. will post 3.95 EPS for the current year.

Analyst Upgrades and Downgrades

PYPL has been the subject of several analyst reports. Citigroup reduced their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, February 8th. UBS Group lifted their price objective on shares of PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. JMP Securities restated a “market outperform” rating and set a $68.00 price objective on shares of PayPal in a research note on Thursday, February 8th. Wells Fargo & Company boosted their price target on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, Monness Crespi & Hardt dropped their price target on shares of PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.47.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

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.