PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,344 shares of the credit services provider’s stock after selling 1,866 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in PayPal were worth $1,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Hartford Financial Management Inc. lifted its stake 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 worth $63,000 after purchasing an additional 163 shares during the last quarter. Pine Haven Investment Counsel Inc lifted its position in shares of PayPal by 3.7% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after buying an additional 170 shares during the last quarter. Brooks Moore & Associates Inc. boosted its holdings in shares of PayPal by 1.3% in the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after buying an additional 180 shares in the last quarter. Waldron Private Wealth LLC grew its position in shares of PayPal by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after buying an additional 182 shares during the last quarter. Finally, New World Advisors LLC raised its stake in PayPal by 2.9% during the 4th quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock worth $404,000 after acquiring an additional 185 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The stock was 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 $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

PYPL has been the topic of several research reports. Monness Crespi & Hardt raised their price objective on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of PayPal in a research report on Thursday, February 8th. Canaccord Genuity Group decreased their price objective on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Evercore ISI lifted their target price on shares of PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Wednesday. Finally, Oppenheimer reiterated a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.73.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $1.28 during midday trading on Friday, hitting $65.70. 15,435,157 shares of the stock were exchanged, compared to its average volume of 12,651,739. The stock has a market cap of $68.73 billion, a P/E ratio of 16.55, a PEG ratio of 1.20 and a beta of 1.41. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a 50 day moving average price of $63.69 and a 200-day moving average price of $60.50. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. On average, research analysts forecast that PayPal Holdings, Inc. will post 4.13 earnings per share for the current year.

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.