Gibraltar Capital Management Inc. Sells 18,812 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Gibraltar Capital Management Inc. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 15.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,318 shares of the credit services provider's stock after selling 18,812 shares during the period. PayPal makes up 1.5% of Gibraltar Capital Management Inc.'s portfolio, making the stock its 27th biggest holding. Gibraltar Capital Management Inc.'s holdings in PayPal were worth $6,807,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PYPL. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal in the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new stake in PayPal during the 4th quarter worth about $27,000. Garde Capital Inc. purchased a new stake in PayPal during the first quarter valued at about $28,000. Tsfg LLC boosted its holdings in shares of PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after buying an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of PayPal during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Stock Performance

PYPL traded down $0.41 on Monday, hitting $76.18. The company had a trading volume of 5,916,204 shares, compared to its average volume of 10,847,290. The stock has a market cap of $74.09 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The company's fifty day moving average price is $71.45 and its 200 day moving average price is $74.01. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same period in the previous year, the company earned $1.08 earnings per share. PayPal's revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PYPL. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Citigroup reduced their target price on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Macquarie lowered their price target on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Truist Financial started coverage on PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 price objective for the company. Finally, Piper Sandler raised PayPal to a "neutral" rating and set a $74.00 target price on the stock in a research note on Tuesday, June 24th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, PayPal currently has an average rating of "Hold" and a consensus price target of $83.42.

Insiders Place Their Bets

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 value of $281,168.36. Following the transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,244,274.36. The trade was a 18.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 48,483 shares of the company's stock, 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. Insiders sold a total of 11,796 shares of company stock valued at $863,028 in the last quarter. Insiders own 0.08% of the company's stock.

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.