PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 30.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,580 shares of the credit services provider's stock after selling 15,721 shares during the quarter. Diversify Advisory Services LLC's holdings in PayPal were worth $2,426,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PYPL. Norges Bank acquired a new stake in PayPal in the fourth quarter valued at $1,086,508,000. Capital Research Global Investors grew its holdings in PayPal by 108.2% in the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares during the last quarter. Artisan Partners Limited Partnership grew its holdings in PayPal by 284.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after purchasing an additional 5,772,198 shares during the last quarter. FMR LLC grew its holdings in PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after purchasing an additional 2,161,582 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of PayPal by 124.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,497,415 shares of the credit services provider's stock valued at $228,206,000 after acquiring an additional 1,936,520 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Up 0.4%

Shares of NASDAQ:PYPL traded up $0.31 during mid-day trading on Friday, hitting $74.17. 9,003,130 shares of the company traded hands, compared to its average volume of 10,877,545. The firm has a market cap of $72.13 billion, a P/E ratio of 16.59, a PEG ratio of 1.20 and a beta of 1.45. 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 52-week low of $55.85 and a 52-week high of $93.66. The firm's 50 day simple moving average is $72.75 and its 200 day simple moving average is $73.30.

PayPal (NASDAQ:PYPL - Get Free Report) last announced 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 business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The company's revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,244,274.36. The trade was a 18.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of PayPal 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 $304,824.88. Following the sale, the insider owned 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PYPL shares. Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on PayPal in a research note on Thursday. They set a "hold" rating and a $75.00 price objective on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $88.00 price objective on shares of PayPal in a research note on Thursday, June 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Finally, Citigroup decreased their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PayPal presently has a consensus rating of "Hold" and an average price target of $83.13.

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.