Bulltick Wealth Management LLC Sells 9,748 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Bulltick Wealth Management LLC trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 29.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,864 shares of the credit services provider's stock after selling 9,748 shares during the quarter. Bulltick Wealth Management LLC's holdings in PayPal were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Park Place Capital Corp increased its stake in shares of PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after buying an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the period. JFS Wealth Advisors LLC raised its holdings in PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares during the last quarter. Wynn Capital LLC lifted its position in PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after purchasing an additional 130 shares during the period. Finally, Avalon Trust Co boosted its stake in shares of PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PYPL. Evercore ISI started coverage on shares of PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price objective on the stock. Needham & Company LLC restated a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $96.00 price target on shares of PayPal in a research note on Wednesday, April 30th. BTIG Research restated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Morgan Stanley lifted their price target on shares of PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

PayPal Trading Up 0.9 %

PYPL stock traded up $0.64 during trading on Wednesday, hitting $68.69. The company had a trading volume of 8,103,358 shares, compared to its average volume of 11,243,204. The stock has a market cap of $66.80 billion, a PE ratio of 17.13, a PEG ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average of $65.63 and a 200-day moving average of $77.93.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly 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. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company's quarterly revenue was up 1.2% on a year-over-year basis. Research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's 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 directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.14% of the company's stock.

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.