Leavell Investment Management Inc. Sells 3,979 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Leavell Investment Management Inc. lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,228 shares of the credit services provider's stock after selling 3,979 shares during the period. Leavell Investment Management Inc.'s holdings in PayPal were worth $1,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moloney Securities Asset Management LLC lifted its holdings in shares of PayPal by 1.3% in the first quarter. Moloney Securities Asset Management LLC now owns 15,731 shares of the credit services provider's stock valued at $1,026,000 after purchasing an additional 195 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of PayPal by 41.7% in the first quarter. Cornerstone Planning Group LLC now owns 666 shares of the credit services provider's stock valued at $42,000 after purchasing an additional 196 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of PayPal by 7.9% in the first quarter. Linden Thomas Advisory Services LLC now owns 7,414 shares of the credit services provider's stock valued at $484,000 after purchasing an additional 546 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of PayPal by 4.1% in the first quarter. Greenleaf Trust now owns 199,911 shares of the credit services provider's stock valued at $13,044,000 after purchasing an additional 7,851 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of PayPal by 1.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 567,496 shares of the credit services provider's stock valued at $36,059,000 after purchasing an additional 5,698 shares in the last quarter. Institutional investors own 68.32% of the company's stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $71.36 on Friday. The stock has a market cap of $69.40 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.24 and a beta of 1.45. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. 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 fifty day moving average of $72.31 and a 200-day moving average of $73.76.

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

Insider Activity at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction 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 sale, the director owned 13,976 shares of the company's stock, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction on 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 directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 11,796 shares of company stock valued at $863,028. Company insiders own 0.08% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PYPL. Bank of America dropped their target price on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Arete Research set a $81.00 target price on PayPal in a report on Thursday, March 27th. Monness Crespi & Hardt dropped their price target on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Truist Financial started coverage on PayPal in a report on Monday, June 2nd. They set a "sell" rating and a $68.00 price target on the stock. Finally, Citigroup dropped their price target on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $83.42.

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.

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