Schnieders Capital Management LLC Sells 5,283 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Schnieders Capital Management LLC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 34.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,937 shares of the credit services provider’s stock after selling 5,283 shares during the period. Schnieders Capital Management LLC’s holdings in PayPal were worth $610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in PayPal in the 4th quarter worth $274,000. RWA Wealth Partners LLC lifted its stake in PayPal by 13.5% in the fourth quarter. RWA Wealth Partners LLC now owns 27,448 shares of the credit services provider’s stock worth $1,686,000 after purchasing an additional 3,274 shares during the last quarter. Townsend Asset Management Corp NC ADV lifted its stake in PayPal by 6.6% in the fourth quarter. Townsend Asset Management Corp NC ADV now owns 83,300 shares of the credit services provider’s stock worth $5,115,000 after purchasing an additional 5,172 shares during the last quarter. Duality Advisers LP increased its position in shares of PayPal by 865.9% during the fourth quarter. Duality Advisers LP now owns 34,192 shares of the credit services provider’s stock worth $2,100,000 after acquiring an additional 30,652 shares during the period. Finally, Greenwich Wealth Management LLC increased its holdings in PayPal by 20.4% during the fourth quarter. Greenwich Wealth Management LLC now owns 80,060 shares of the credit services provider’s stock valued at $4,917,000 after buying an additional 13,566 shares during the period. 68.32% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

PayPal Trading Up 0.6 %

Shares of PYPL traded up $0.41 during midday trading on Wednesday, hitting $64.84. The stock had a trading volume of 7,769,324 shares, compared to its average volume of 16,277,262. The business has a 50-day simple moving average of $62.53 and a two-hundred day simple moving average of $60.04. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The firm has a market cap of $68.25 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.10 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 analysts’ consensus estimates of $1.36 by $0.12. The company 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%. PayPal’s 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. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.02 EPS for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several recent research reports. Mizuho decreased their price target on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. UBS Group lifted their price target on shares of PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Wedbush restated an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a research note on Thursday, February 8th. JPMorgan Chase & Co. dropped their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Finally, Susquehanna lifted their price objective on shares of PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.