PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Barton Investment Management

Barton Investment Management trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,629 shares of the credit services provider’s stock after selling 2,435 shares during the period. PayPal comprises 1.3% of Barton Investment Management’s investment portfolio, making the stock its 13th largest position. Barton Investment Management’s holdings in PayPal were worth $12,173,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PYPL. Czech National Bank lifted its stake in shares of PayPal by 4.5% during the third quarter. Czech National Bank now owns 208,260 shares of the credit services provider’s stock worth $16,251,000 after purchasing an additional 8,925 shares in the last quarter. GAMMA Investing LLC lifted its position in PayPal by 37.2% during the 3rd quarter. GAMMA Investing LLC now owns 9,652 shares of the credit services provider’s stock worth $753,000 after acquiring an additional 2,616 shares in the last quarter. Diversified Trust Co purchased a new position in PayPal in the 3rd quarter worth approximately $1,367,000. Ignite Planners LLC grew its position in PayPal by 15.3% in the third quarter. Ignite Planners LLC now owns 6,465 shares of the credit services provider’s stock valued at $504,000 after acquiring an additional 860 shares in the last quarter. Finally, Alpha Cubed Investments LLC purchased a new stake in shares of PayPal during the third quarter valued at approximately $262,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Trading Up 1.9 %

Shares of NASDAQ:PYPL opened at $79.20 on Thursday. 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 1-year low of $55.77 and a 1-year high of $93.66. The stock has a market capitalization of $79.40 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.49 and a beta of 1.44. The company has a 50 day moving average price of $88.01 and a 200 day moving average price of $79.39.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 23.44% and a net margin of 14.08%. PayPal’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 earnings per share. On average, research analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the subject of several analyst reports. Phillip Securities restated an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Canaccord Genuity Group raised their target price on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price target on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, January 16th. The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird decreased their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday. Fourteen investment 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 company. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $89.29.

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.