Fidelis Capital Partners LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 22.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,282 shares of the credit services provider's stock after selling 3,584 shares during the period. Fidelis Capital Partners LLC's holdings in PayPal were worth $803,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in PYPL. Mpwm Advisory Solutions LLC bought a new stake in PayPal in the fourth quarter valued at $25,000. Hurley Capital LLC bought a new stake in PayPal in the fourth quarter valued at $27,000. Garde Capital Inc. bought a new stake in shares of PayPal during the 1st quarter valued at $28,000. Tsfg LLC boosted its holdings in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after buying an additional 200 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in shares of PayPal during the 4th quarter valued at $34,000. Institutional investors own 68.32% of the company's stock.
Insider Buying and Selling at PayPal
In other news, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the sale, the executive vice president owned 16,989 shares of the company's stock, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the transaction, the director owned 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company's stock.
PayPal Price Performance
PYPL opened at $71.36 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $69.40 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.24 and a beta of 1.45. The company's 50-day simple moving average is $72.31 and its two-hundred day simple moving average is $73.76. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66.
PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (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 analysts' expectations of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have recently commented on PYPL. Royal Bank Of Canada restated an "outperform" rating and set a $88.00 target price on shares of PayPal in a report on Thursday, June 26th. Seaport Res Ptn cut shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Wells Fargo & Company dropped their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Truist Financial began coverage on shares of PayPal in a report on Monday, June 2nd. They set a "sell" rating and a $68.00 target price on the stock. Finally, Evercore ISI began coverage on shares of PayPal in a report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 target price on the stock. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $83.42.
Check Out Our Latest Research Report on PayPal
About PayPal
(
Free Report)
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.
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