PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,803 shares of the credit services provider’s stock after selling 812 shares during the quarter. Gamco Investors INC. ET AL’s holdings in PayPal were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Hurley Capital LLC bought a new stake in PayPal during the 4th quarter valued at $27,000. Rosenberg Matthew Hamilton raised 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 in the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Bernard Wealth Management Corp. bought a new position in PayPal in the 4th quarter valued at about $37,000. Finally, Modus Advisors LLC acquired a new position in PayPal during the 4th quarter valued at about $37,000. Institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods decreased their price target on PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research note on Monday, March 31st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Morgan Stanley upped their price objective on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Finally, Barclays lowered their target price on PayPal from $110.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.84.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $61.00 on Friday. The business has a fifty day simple moving average of $68.22 and a 200 day simple moving average of $79.17. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The firm has a market cap of $60.34 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 1.27 and a beta of 1.60.

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

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.