TCTC Holdings LLC Cuts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

TCTC Holdings LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 101,507 shares of the credit services provider’s stock after selling 1,323 shares during the quarter. TCTC Holdings LLC’s holdings in PayPal were worth $8,664,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Park Place Capital Corp lifted its stake in PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after acquiring an additional 116 shares during the period. Rosenberg Matthew Hamilton lifted its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. JFS Wealth Advisors LLC lifted its stake in PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC lifted its stake in PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after acquiring an additional 130 shares during the period. Finally, Avalon Trust Co lifted its stake in PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock valued at $176,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PayPal stock opened at $68.95 on Monday. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The firm has a market capitalization of $68.21 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.27 and a beta of 1.52. The company has a fifty day simple moving average of $79.96 and a 200-day simple moving average of $81.02. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Insider Activity at PayPal

In related 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 value of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research reports. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Susquehanna boosted their target price on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Piper Sandler decreased their target price on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.