Beaumont Financial Advisors LLC Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Beaumont Financial Advisors LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 42.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,870 shares of the credit services provider’s stock after selling 5,785 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in PayPal were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vestcor Inc raised its holdings in PayPal by 0.5% in the 4th quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock valued at $1,856,000 after acquiring an additional 140 shares during the last quarter. Silvercrest Asset Management Group LLC raised its holdings in PayPal by 1.0% in the 4th 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 during the last quarter. Oxford Financial Group Ltd. raised its holdings in PayPal by 4.9% in the 1st 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 during the last quarter. Donaldson Capital Management LLC raised its holdings in PayPal by 5.3% in the 1st 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 during the last quarter. Finally, Hartford Financial Management Inc. raised its holdings in PayPal by 18.8% in the 4th 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 during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Performance

Shares of PYPL stock opened at $62.31 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The stock has a market capitalization of $65.59 billion, a PE ratio of 16.23, a P/E/G ratio of 1.41 and a beta of 1.45. The firm has a 50 day moving average of $62.34 and a two-hundred day moving average of $59.93.

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

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of recent analyst reports. Citigroup cut their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Stephens restated an “equal weight” rating and set a $70.00 price target on shares of PayPal in a report on Thursday, February 8th. Sanford C. Bernstein raised their price target on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday. Evercore ISI raised their price target on shares of PayPal from $56.00 to $60.00 and gave the stock an “in-line” rating in a report on Tuesday, March 26th. Finally, StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $70.47.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

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.