Twin Capital Management Inc. Decreases Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Twin Capital Management Inc. cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,889 shares of the credit services provider’s stock after selling 247 shares during the period. Twin Capital Management Inc.’s holdings in PayPal were worth $1,958,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PYPL. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of PayPal by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock worth $144,215,000 after purchasing an additional 138,875 shares during the period. Dakota Wealth Management raised its holdings in shares of PayPal by 8.6% during the first quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock worth $566,000 after purchasing an additional 387 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of PayPal by 15.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock worth $793,000 after acquiring an additional 918 shares during the last quarter. Covestor Ltd grew its position in shares of PayPal by 136.1% during the first quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 769 shares during the last quarter. Finally, Donaldson Capital Management LLC grew its position in shares of PayPal by 5.3% during the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock worth $358,000 after acquiring an additional 155 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on PYPL shares. UBS Group upped their price target on shares of PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Susquehanna upped their price target on shares of PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. JMP Securities increased their target price on shares of PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a research report on Wednesday. Stephens reiterated an “equal weight” rating and issued a $70.00 target price on shares of PayPal in a research report on Thursday, February 8th. Finally, Daiwa Capital Markets lowered shares of PayPal from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $64.00 to $62.00 in a research report on Tuesday, February 13th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus price target of $70.47.

PayPal Trading Down 1.8 %

Shares of PYPL stock opened at $62.10 on Friday. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $62.27 and its two-hundred day moving average is $59.90. The company has a market cap of $65.37 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the company posted $1.01 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Equities analysts predict that PayPal Holdings, Inc. will post 3.93 EPS for the current year.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.