PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 5.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,454 shares of the credit services provider’s stock after selling 906 shares during the quarter. Enterprise Bank & Trust Co’s holdings in PayPal were worth $1,672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Blue Fin Capital Inc. grew its position in PayPal by 22.3% in the first quarter. Blue Fin Capital Inc. now owns 34,785 shares of the credit services provider’s stock worth $4,022,000 after buying an additional 6,348 shares during the last quarter. Calton & Associates Inc. grew its position in PayPal by 26.0% in the first quarter. Calton & Associates Inc. now owns 4,653 shares of the credit services provider’s stock worth $538,000 after buying an additional 960 shares during the last quarter. Global Trust Asset Management LLC grew its position in PayPal by 71.5% in the first quarter. Global Trust Asset Management LLC now owns 4,036 shares of the credit services provider’s stock worth $467,000 after buying an additional 1,683 shares during the last quarter. MCIA Inc grew its position in PayPal by 78.1% in the first quarter. MCIA Inc now owns 10,941 shares of the credit services provider’s stock worth $1,201,000 after buying an additional 4,797 shares during the last quarter. Finally, RDA Financial Network grew its position in PayPal by 134.2% in the first quarter. RDA Financial Network now owns 3,153 shares of the credit services provider’s stock worth $365,000 after buying an additional 1,807 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

Shares of PYPL opened at $72.97 on Thursday. The company has a market capitalization of $84.50 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.55 and a beta of 1.40. PayPal Holdings, Inc. has a one year low of $70.47 and a one year high of $310.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 1.19. The company’s fifty day moving average price is $83.65 and its 200 day moving average price is $122.52.

PayPal (NASDAQ:PYPLGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.04). PayPal had a return on equity of 17.90% and a net margin of 13.87%. The company had revenue of $6.48 billion for the quarter, compared to the consensus estimate of $6.41 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. Analysts anticipate that PayPal Holdings, Inc. will post 2.69 earnings per share for the current year.

In other news, EVP Peggy Alford sold 14,767 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $85.32, for a total transaction of $1,259,920.44. Following the transaction, the executive vice president now directly owns 39,891 shares in the company, valued at $3,403,500.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Enrique Lores bought 1,100 shares of PayPal stock in a transaction dated Wednesday, May 4th. The shares were bought at an average price of $88.13 per share, for a total transaction of $96,943.00. Following the completion of the transaction, the director now directly owns 5,235 shares of the company’s stock, valued at approximately $461,360.55. The disclosure for this purchase can be found here. Insiders own 0.13% of the company’s stock.

Several research firms have issued reports on PYPL. Susquehanna decreased their price target on shares of PayPal from $125.00 to $115.00 in a research report on Thursday, April 28th. The Goldman Sachs Group initiated coverage on shares of PayPal in a research report on Wednesday, March 30th. They set a “buy” rating and a $144.00 price objective on the stock. Jefferies Financial Group lowered their price objective on shares of PayPal from $105.00 to $95.00 in a research report on Thursday, April 28th. Cowen lowered their price objective on shares of PayPal from $174.00 to $104.00 in a research report on Thursday, April 28th. Finally, StockNews.com cut shares of PayPal from a “hold” rating to a “sell” rating in a research report on Saturday, June 4th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $153.71.

About PayPal (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

Further Reading

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating).

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.