PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Capital Management Associates NY

Key Points

• Capital Management Associates NY reduced its holdings in PayPal Holdings, Inc. by 50%, owning 7,500 shares worth approximately $489,000 after the sale.
• A number of institutional investors, including Mpwm Advisory Solutions and Hurley Capital, have made new purchases in PayPal, indicating increased interest in the company's stock.
• Analysts have set a range of new price targets for PayPal, with the average target price now at $83.73 and recommendations spanning from "sell" to "strong buy".

Capital Management Associates NY lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,500 shares of the credit services provider's stock after selling 7,500 shares during the quarter. Capital Management Associates NY's holdings in PayPal were worth $489,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal in the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new stake in PayPal during the 4th quarter valued at $27,000. Bernard Wealth Management Corp. purchased a new stake in PayPal during the 4th quarter valued at $34,000. Pinney & Scofield Inc. purchased a new stake in PayPal during the 4th quarter valued at $35,000. Finally, Evermay Wealth Management LLC raised its holdings in PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after buying an additional 363 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded down $1.65 during trading on Friday, hitting $67.11. The stock had a trading volume of 15,163,964 shares, compared to its average volume of 11,276,834. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The stock has a market capitalization of $64.12 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 1.11 and a beta of 1.45. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The stock has a 50-day simple moving average of $73.20 and a two-hundred day simple moving average of $72.55.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The company had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%. During the same period last year, the business earned $1.19 earnings per share. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the sale, the executive vice president directly owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the sale, the director directly owned 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Macquarie restated an "outperform" rating and set a $95.00 price target on shares of PayPal in a report on Wednesday. Barclays restated an "overweight" rating on shares of PayPal in a report on Tuesday. Evercore ISI began coverage on PayPal in a report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price target on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $88.00 price objective on shares of PayPal in a research report on Thursday, June 26th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and an average target price of $84.57.

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.