PayPal Holdings, Inc. (NASDAQ:PYPL) Position Trimmed by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 42.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,950 shares of the credit services provider's stock after selling 16,991 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in PayPal were worth $1,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC purchased a new stake in PayPal in the 4th quarter valued at approximately $25,000. Hurley Capital LLC purchased a new stake in shares of PayPal in the fourth quarter valued at $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of PayPal during the fourth quarter valued at $34,000. Pinney & Scofield Inc. acquired a new stake in shares of PayPal during the fourth quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in PayPal during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Stock Down 2.2%

Shares of PYPL traded down $1.59 during mid-day trading on Tuesday, reaching $70.67. 7,364,777 shares of the stock traded hands, compared to its average volume of 10,993,682. The stock has a fifty day simple moving average of $68.58 and a 200 day simple moving average of $75.53. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a market cap of $68.73 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 1.20 and a beta of 1.45.

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, topping the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 EPS. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity 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 value of $281,168.36. Following the sale, the executive vice president now owns 16,989 shares in the company, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Friday, June 6th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,796 shares of company stock valued at $863,028. Insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

PYPL has been the topic of several analyst reports. Morgan Stanley raised their price target 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. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Compass Point started coverage on shares of PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 target price for the company. Royal Bank Of Canada reduced their price target on PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Arete Research set a $81.00 price objective 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. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $83.29.

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.