Aurora Investment Counsel Sells 251 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Aurora Investment Counsel decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,840 shares of the credit services provider’s stock after selling 251 shares during the period. Aurora Investment Counsel’s holdings in PayPal were worth $1,352,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. United Bank raised its position in PayPal by 9.7% during the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after acquiring an additional 794 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of PayPal by 20.0% in the 3rd quarter. Sigma Planning Corp now owns 12,736 shares of the credit services provider’s stock valued at $994,000 after purchasing an additional 2,120 shares during the period. Savvy Advisors Inc. acquired a new stake in PayPal in the 3rd quarter valued at about $210,000. Aigen Investment Management LP bought a new position in PayPal during the third quarter worth about $349,000. Finally, Simmons Bank increased its position in PayPal by 8.2% during the third quarter. Simmons Bank now owns 26,577 shares of the credit services provider’s stock worth $2,074,000 after buying an additional 2,008 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, 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 filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

PayPal Stock Performance

Shares of PYPL stock opened at $66.91 on Friday. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The stock’s 50-day moving average price is $80.33 and its 200 day moving average price is $80.90. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $66.19 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PYPL shares. Barclays lifted their price objective on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and increased their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Friday, February 28th. Finally, Macquarie increased their price objective on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

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.