Roman Butler Fullerton & Co. Lowers Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Roman Butler Fullerton & Co. cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,654 shares of the credit services provider’s stock after selling 725 shares during the period. Roman Butler Fullerton & Co.’s holdings in PayPal were worth $535,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PYPL. Vestcor Inc raised its holdings in shares of PayPal by 0.5% during the 4th quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock worth $1,856,000 after acquiring an additional 140 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of PayPal by 1.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock worth $1,072,000 after acquiring an additional 143 shares in the last quarter. Oxford Financial Group Ltd. raised its holdings in shares of PayPal by 4.9% during the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock worth $370,000 after acquiring an additional 150 shares in the last quarter. Donaldson Capital Management LLC raised its holdings in shares of PayPal by 5.3% during the 1st 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 in the last quarter. Finally, Hartford Financial Management Inc. raised its holdings in shares of PayPal by 18.8% during the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after acquiring an additional 163 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Price Performance

Shares of PYPL stock opened at $62.10 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $65.37 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 1.44 and a beta of 1.45. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The stock has a fifty day simple moving average of $62.27 and a two-hundred day simple moving average of $59.90.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. On average, analysts predict that PayPal Holdings, Inc. will post 3.93 EPS for the current fiscal year.

Insider Buying and Selling

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 transaction of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several analyst reports. BMO Capital Markets cut their target price on PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a research report on Thursday, February 8th. Wells Fargo & Company boosted their target price on PayPal from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. cut their target price on PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Finally, Argus downgraded PayPal from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, PayPal currently has a consensus rating of “Hold” and an average price target of $70.47.

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.