Kintegral Advisory LLC Sells 7,706 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Kintegral Advisory LLC decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 32.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,706 shares of the credit services provider's stock after selling 7,706 shares during the quarter. Kintegral Advisory LLC's holdings in PayPal were worth $1,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal in the 4th quarter valued at about $25,000. Hurley Capital LLC bought a new stake in shares of PayPal in the 4th quarter valued at about $27,000. Garde Capital Inc. bought a new stake in shares of PayPal in the 1st quarter valued at about $28,000. Tsfg LLC raised its holdings in shares of PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in shares of PayPal in the 4th quarter valued at about $34,000. Institutional investors own 68.32% of the company's stock.

PayPal Stock Up 0.1%

PYPL stock opened at $76.41 on Friday. The firm's fifty day simple moving average is $71.45 and its 200-day simple moving average is $74.18. The company has a market capitalization of $74.31 billion, a P/E ratio of 17.09, 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. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data 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 net margin of 14.26% and a return on equity of 24.59%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on PYPL. BMO Capital Markets reduced their price target on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Robert W. Baird boosted their price objective on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Barclays reduced their price objective on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. UBS Group reduced their price objective on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Finally, Compass Point assumed coverage on shares of PayPal in a research note on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of "Hold" and a consensus price target of $83.42.

Insider Activity

In other PayPal news, 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 transaction of $304,824.88. Following the transaction, the insider directly owned 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the transaction, the director directly owned 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock valued at $863,028 in the last ninety days. Insiders own 0.08% of the company's stock.

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.

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.