Greatmark Investment Partners Inc. Sells 1,959 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Greatmark Investment Partners Inc. decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 272,264 shares of the credit services provider’s stock after selling 1,959 shares during the quarter. PayPal makes up 3.2% of Greatmark Investment Partners Inc.’s holdings, making the stock its 9th biggest position. Greatmark Investment Partners Inc.’s holdings in PayPal were worth $23,238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of PYPL. Mizuho Securities USA LLC grew its position in shares of PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares during the period. FMR LLC grew its position in shares of PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. World Investment Advisors LLC acquired a new stake in shares of PayPal in the third quarter valued at about $387,435,000. Robeco Institutional Asset Management B.V. grew its position in shares of PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after purchasing an additional 2,689,162 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of PayPal in the fourth quarter valued at about $135,537,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by company insiders.

PayPal Price Performance

PayPal stock opened at $68.95 on Friday. The firm has a market cap of $68.21 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. 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 company’s 50 day moving average is $79.96 and its two-hundred day moving average is $80.88.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company 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%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 EPS. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research report on Friday, February 28th. Barclays boosted their price target 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. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research report on Friday, December 13th. Susquehanna boosted their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Finally, Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.03.

PayPal Profile

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.