Regent Peak Wealth Advisors LLC Reduces Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)


Share on StockTwits

Regent Peak Wealth Advisors LLC lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,732 shares of the credit services provider’s stock after selling 45 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in PayPal were worth $906,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Gleason Group Inc. bought a new stake in PayPal in the first quarter worth $25,000. JFS Wealth Advisors LLC boosted its stake in shares of PayPal by 646.7% during the fourth quarter. JFS Wealth Advisors LLC now owns 112 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 97 shares during the period. Charter Oak Capital Management LLC purchased a new stake in shares of PayPal during the fourth quarter valued at $26,000. RWM Asset Management LLC purchased a new stake in shares of PayPal during the fourth quarter valued at $27,000. Finally, Vantage Consulting Group Inc purchased a new stake in shares of PayPal during the fourth quarter valued at $29,000. 82.29% of the stock is currently owned by institutional investors.

NASDAQ PYPL traded down $11.41 during mid-day trading on Tuesday, hitting $247.68. The stock had a trading volume of 447,062 shares, compared to its average volume of 8,843,430. The firm’s 50 day moving average is $255.84 and its 200 day moving average is $237.76. PayPal Holdings, Inc. has a twelve month low of $120.31 and a twelve month high of $309.14. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $290.84 billion, a price-to-earnings ratio of 97.77, a PEG ratio of 3.53 and a beta of 1.12.

PayPal (NASDAQ:PYPL) last issued its earnings results on Wednesday, February 3rd. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.08. PayPal had a return on equity of 18.31% and a net margin of 15.48%. The business had revenue of $6.12 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period last year, the company earned $0.86 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 2.8 earnings per share for the current year.

A number of analysts recently weighed in on PYPL shares. JMP Securities upped their price objective on shares of PayPal from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, February 4th. Sanford C. Bernstein assumed coverage on shares of PayPal in a report on Wednesday, January 27th. They issued an “outperform” rating and a $297.00 target price for the company. Raymond James boosted their target price on shares of PayPal from $296.00 to $333.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. Bank of America reiterated a “buy” rating and issued a $282.00 target price (up from $235.00) on shares of PayPal in a report on Friday, January 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of PayPal from $290.00 to $340.00 and gave the stock an “outperform” rating in a report on Friday, February 12th. Six analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the company. PayPal presently has a consensus rating of “Buy” and a consensus target price of $279.00.

In related news, EVP Peggy Alford sold 4,000 shares of the firm’s stock in a transaction dated Friday, April 16th. The stock was sold at an average price of $270.33, for a total transaction of $1,081,320.00. Following the completion of the sale, the executive vice president now directly owns 19,238 shares of the company’s stock, valued at approximately $5,200,608.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Britto sold 1,152 shares of the firm’s stock in a transaction dated Friday, February 5th. The stock was sold at an average price of $269.11, for a total value of $310,014.72. Following the sale, the executive vice president now directly owns 81,961 shares of the company’s stock, valued at $22,056,524.71. The disclosure for this sale can be found here. Insiders sold a total of 266,350 shares of company stock valued at $70,655,438 over the last ninety days. Corporate insiders own 0.12% of the company’s stock.

PayPal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, Hyperwallet, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Further Reading: Bond

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:PYPL).

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.