Novare Capital Management LLC Has $256,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Novare Capital Management LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,929 shares of the credit services provider’s stock after selling 296 shares during the period. Novare Capital Management LLC’s holdings in PayPal were worth $256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. J. Goldman & Co LP grew its holdings in shares of PayPal by 11.9% in the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider’s stock valued at $22,304,000 after buying an additional 27,812 shares during the period. Nikko Asset Management Americas Inc. grew its holdings in shares of PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock valued at $59,489,000 after buying an additional 18,172 shares during the period. ExodusPoint Capital Management LP grew its holdings in shares of PayPal by 223.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider’s stock valued at $22,622,000 after buying an additional 183,011 shares during the period. StoneX Group Inc. grew its holdings in shares of PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider’s stock valued at $2,326,000 after buying an additional 11,260 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in PayPal by 17.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider’s stock worth $651,619,000 after purchasing an additional 1,114,858 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of PayPal in a research note on Wednesday, April 30th. Citigroup reduced their price objective on shares of PayPal from $98.00 to $95.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, April 30th. Wall Street Zen upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $88.00 price objective on shares of PayPal in a research note on Thursday, June 26th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $83.42.

PayPal Stock Up 0.1%

Shares of PYPL stock opened at $76.41 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s 50-day moving average is $71.45 and its 200-day moving average is $74.10. The stock has a market cap of $74.31 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.25 and a beta of 1.45. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. PayPal’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the transaction, the insider directly owned 48,483 shares of the company’s stock, valued at $3,550,894.92. This represents a 7.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the transaction, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock valued at $863,028 in the last three months. 0.08% of the stock is currently 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.