PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,980 shares of the credit services provider’s stock after selling 1,200 shares during the quarter. John G Ullman & Associates Inc.’s holdings in PayPal were worth $3,839,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal during the 3rd quarter worth about $26,000. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its position in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares in the last quarter. Planning Capital Management Corp boosted its position in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of PayPal in the 3rd quarter valued at about $36,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $71.07 on Friday. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The stock has a market cap of $70.30 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. The business has a fifty day moving average of $83.61 and a 200-day moving average of $81.05. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays upped their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Susquehanna upped their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Citigroup reissued an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Finally, Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research report on Friday, December 13th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.03.

PayPal Company 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.