Larson Financial Group LLC Sells 337 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Larson Financial Group LLC reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,219 shares of the credit services provider’s stock after selling 337 shares during the quarter. Larson Financial Group LLC’s holdings in PayPal were worth $136,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of PayPal in the 4th quarter worth about $25,000. Sutton Wealth Advisors Inc. grew its position in shares of PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after buying an additional 237 shares during the period. BluePath Capital Management LLC purchased a new stake in PayPal during the 3rd quarter valued at about $33,000. Beacon Capital Management LLC grew its position in PayPal by 58.6% during the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 225 shares during the last quarter. Finally, Criterion Capital Advisors LLC purchased a new stake in PayPal during the 4th quarter valued at about $37,000. 68.32% of the stock is currently owned by institutional investors.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction 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 Trading Up 0.6 %

Shares of PYPL opened at $64.84 on Thursday. 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 $76.54. The company has a 50 day simple moving average of $62.65 and a two-hundred day simple moving average of $60.08. The firm has a market cap of $68.25 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the firm posted $1.01 EPS. The company’s revenue was up 8.7% on a year-over-year basis. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on PYPL shares. Stephens reissued an “equal weight” rating and set a $70.00 price objective on shares of PayPal in a research report on Thursday, February 8th. JMP Securities increased their price objective on shares of PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a research report on Wednesday, April 17th. Oppenheimer reissued a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. DZ Bank cut shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research note on Friday, February 9th. Finally, BMO Capital Markets lowered their target price on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating on the stock in a research note on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PayPal has an average rating of “Hold” and a consensus target price of $70.47.

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.