Parkside Financial Bank & Trust Has $132,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Parkside Financial Bank & Trust decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 35.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,155 shares of the credit services provider’s stock after selling 1,163 shares during the quarter. Parkside Financial Bank & Trust’s holdings in PayPal were worth $132,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. RWA Wealth Partners LLC grew its position in shares of PayPal by 13.5% during the 4th quarter. RWA Wealth Partners LLC now owns 27,448 shares of the credit services provider’s stock worth $1,686,000 after buying an additional 3,274 shares during the period. Townsend Asset Management Corp NC ADV grew its position in shares of PayPal by 6.6% during the 4th quarter. Townsend Asset Management Corp NC ADV now owns 83,300 shares of the credit services provider’s stock worth $5,115,000 after buying an additional 5,172 shares during the period. Duality Advisers LP grew its position in shares of PayPal by 865.9% during the 4th quarter. Duality Advisers LP now owns 34,192 shares of the credit services provider’s stock worth $2,100,000 after buying an additional 30,652 shares during the period. Greenwich Wealth Management LLC grew its position in shares of PayPal by 20.4% during the 4th quarter. Greenwich Wealth Management LLC now owns 80,060 shares of the credit services provider’s stock worth $4,917,000 after buying an additional 13,566 shares during the period. Finally, Capital Investment Advisory Services LLC grew its position in shares of PayPal by 7.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 28,187 shares of the credit services provider’s stock worth $1,731,000 after buying an additional 1,973 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

Shares of PYPL opened at $64.84 on Thursday. The firm has a market capitalization of $68.25 billion, a PE ratio of 16.89, a PEG ratio of 1.20 and a beta of 1.45. The company’s 50-day moving average is $62.65 and its 200-day moving average is $60.08. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. Equities analysts forecast that PayPal Holdings, Inc. will post 4.02 EPS for the current year.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PYPL. JPMorgan Chase & Co. decreased their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. BMO Capital Markets decreased their price objective on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of PayPal in a report on Thursday, February 8th. Evercore ISI boosted their price objective on shares of PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a report on Tuesday, March 26th. Finally, Monness Crespi & Hardt decreased their price objective on shares of PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.47.

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.