Day & Ennis LLC lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,091 shares of the credit services provider’s stock after selling 178 shares during the quarter. Day & Ennis LLC’s holdings in PayPal were worth $265,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in shares of PayPal by 19.2% during the 4th quarter. Jennison Associates LLC now owns 13,229,817 shares of the credit services provider’s stock worth $3,098,423,000 after purchasing an additional 2,132,996 shares in the last quarter. Norges Bank acquired a new stake in shares of PayPal in the 4th quarter worth about $2,621,726,000. Fisher Asset Management LLC raised its holdings in shares of PayPal by 3.6% in the 1st quarter. Fisher Asset Management LLC now owns 11,064,772 shares of the credit services provider’s stock worth $2,686,969,000 after acquiring an additional 384,327 shares during the last quarter. Morgan Stanley raised its holdings in shares of PayPal by 16.1% in the 4th quarter. Morgan Stanley now owns 9,814,891 shares of the credit services provider’s stock worth $2,298,647,000 after acquiring an additional 1,362,423 shares during the last quarter. Finally, Temasek Holdings Private Ltd raised its holdings in shares of PayPal by 1.2% in the 4th quarter. Temasek Holdings Private Ltd now owns 9,502,785 shares of the credit services provider’s stock worth $2,225,552,000 after acquiring an additional 113,901 shares during the last quarter. 82.29% of the stock is currently owned by institutional investors.

In related news, CEO Daniel H. Schulman sold 10,000 shares of PayPal stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $244.29, for a total value of $2,442,900.00. Following the transaction, the chief executive officer now owns 245,721 shares in the company, valued at approximately $60,027,183.09. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Sarnoff sold 5,290 shares of PayPal stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $303.49, for a total transaction of $1,605,462.10. Following the completion of the transaction, the director now owns 11,551 shares in the company, valued at approximately $3,505,612.99. The disclosure for this sale can be found here. In the last quarter, insiders sold 266,350 shares of company stock worth $70,655,438. 0.12% of the stock is owned by corporate insiders.

A number of equities research analysts recently weighed in on the stock. Moffett Nathanson upped their target price on shares of PayPal from $280.00 to $300.00 in a report on Friday, January 15th. Wells Fargo & Company upped their target price on shares of PayPal from $215.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, February 4th. Canaccord Genuity increased their price objective on shares of PayPal from $306.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, February 12th. Susquehanna increased their price objective on shares of PayPal from $300.00 to $330.00 and gave the company a “positive” rating in a research note on Friday, February 12th. Finally, Zacks Investment Research lowered shares of PayPal from a “buy” rating to a “hold” rating and set a $241.00 price objective for the company. in a research note on Thursday, January 28th. Six investment analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the company. PayPal has a consensus rating of “Buy” and a consensus price target of $279.00.

Shares of PayPal stock traded down $11.69 on Tuesday, hitting $247.40. 475,241 shares of the company traded hands, compared to its average volume of 8,843,430. The firm’s 50-day simple moving average is $255.84 and its 200 day simple moving average is $237.76. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.48. The company has a market cap of $290.51 billion, a P/E ratio of 97.77, a P/E/G ratio of 3.53 and a beta of 1.12. PayPal Holdings, Inc. has a 12-month low of $120.31 and a 12-month high of $309.14.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 3rd. The credit services provider reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.08. The firm had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $6.09 billion. PayPal had a net margin of 15.48% and a return on equity of 18.31%. The business’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. Analysts predict that PayPal Holdings, Inc. will post 2.8 earnings per share for the current year.

PayPal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Further Reading: Monthly Dividend Stocks

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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