PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Cut by Demars Financial Group LLC

Demars Financial Group LLC decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 17.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 450,294 shares of the credit services provider's stock after selling 92,196 shares during the quarter. Demars Financial Group LLC's holdings in PayPal were worth $29,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Chicago Capital LLC grew its stake in PayPal by 19.2% in the 1st quarter. Chicago Capital LLC now owns 43,928 shares of the credit services provider's stock valued at $2,866,000 after acquiring an additional 7,075 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in PayPal by 5.6% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 168,722 shares of the credit services provider's stock valued at $11,009,000 after buying an additional 8,986 shares during the last quarter. Vivid Wealth Management LLC acquired a new position in PayPal in the first quarter valued at about $2,168,000. Grove Bank & Trust lifted its position in shares of PayPal by 110.4% during the first quarter. Grove Bank & Trust now owns 2,466 shares of the credit services provider's stock worth $161,000 after purchasing an additional 1,294 shares in the last quarter. Finally, Grimes & Company Inc. increased its stake in shares of PayPal by 1.1% during the first quarter. Grimes & Company Inc. now owns 142,962 shares of the credit services provider's stock worth $9,328,000 after buying an additional 1,589 shares during the period. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Trading Down 3.0%

Shares of NASDAQ:PYPL traded down $2.10 during trading on Wednesday, reaching $68.57. 20,407,159 shares of the stock were exchanged, compared to its average volume of 11,021,434. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The firm has a market cap of $66.69 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.17 and a beta of 1.45. The firm's 50-day moving average price is $68.58 and its 200 day moving average price is $75.53.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The business's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 EPS. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, the director now owns 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the transaction, the insider now owns 48,483 shares of the company's stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,796 shares of company stock valued at $863,028. 0.08% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PYPL shares. Morgan Stanley upped their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Barclays lowered their price objective on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Arete Research set a $81.00 target price on PayPal in a report on Thursday, March 27th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $83.29.

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.