PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Wealth Alliance

Wealth Alliance decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 20.2% in the fourth quarter, HoldingsChannel reports. The firm owned 8,282 shares of the credit services provider’s stock after selling 2,095 shares during the quarter. Wealth Alliance’s holdings in PayPal were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vestcor Inc lifted its holdings in shares of PayPal by 0.5% during the fourth quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock worth $1,856,000 after purchasing an additional 140 shares during the period. Silvercrest Asset Management Group LLC raised its position in PayPal by 1.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock valued at $1,072,000 after acquiring an additional 143 shares in the last quarter. Oxford Financial Group Ltd. raised its position in PayPal by 4.9% during the first quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock valued at $370,000 after acquiring an additional 150 shares in the last quarter. Donaldson Capital Management LLC raised its position in PayPal by 5.3% during the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after acquiring an additional 155 shares in the last quarter. Finally, Hartford Financial Management Inc. raised its position in PayPal by 18.8% during the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after acquiring an additional 163 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Evercore ISI lifted their price target on PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price objective on shares of PayPal in a research report on Thursday, March 21st. BMO Capital Markets cut their price objective on PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a research report on Thursday, February 8th. Citigroup cut their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, Daiwa Capital Markets lowered PayPal from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $64.00 to $62.00 in a research note on Tuesday, February 13th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $70.53.

Insider Buying and Selling at PayPal

In related news, SVP Frank Keller sold 7,686 shares of PayPal 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 sale, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $63.26 on Thursday. The stock’s 50-day moving average is $62.15 and its two-hundred day moving average is $59.89. 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 Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $77.94. The company has a market cap of $66.59 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS. Analysts forecast that PayPal Holdings, Inc. will post 3.93 EPS for the current fiscal year.

About PayPal

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.