PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 370,663 shares of the credit services provider’s stock after selling 2,866 shares during the period. PayPal comprises 0.6% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 27th largest position. Crossmark Global Holdings Inc.’s holdings in PayPal were worth $31,636,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Bruce G. Allen Investments LLC increased its holdings in PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 124 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of PayPal by 67.6% in 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 last quarter. Wynn Capital LLC raised its position in shares of PayPal by 1.1% in 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. Brave Asset Management Inc. increased its stake in PayPal by 5.2% in the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock valued at $241,000 after purchasing an additional 141 shares in the last quarter. Finally, First United Bank & Trust raised its holdings in PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $91.81 on Tuesday. The firm’s fifty day moving average price is $87.40 and its two-hundred day moving average price is $76.97. The stock has a market cap of $92.04 billion, a PE ratio of 21.91, a PEG ratio of 1.57 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PYPL shares. Stephens upped their price objective on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Macquarie lifted their price objective on PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Phillip Securities reissued an “accumulate” rating and set a $90.00 target price (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $89.32.

PayPal Company 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.