Mutual of America Capital Management LLC Has $7.51 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mutual of America Capital Management LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,045 shares of the credit services provider's stock after selling 5,060 shares during the quarter. Mutual of America Capital Management LLC's holdings in PayPal were worth $7,507,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in PayPal during the 4th quarter worth $25,000. Hurley Capital LLC acquired a new position in PayPal during the 4th quarter worth $27,000. Bernard Wealth Management Corp. acquired a new position in PayPal during the 4th quarter worth $34,000. Pinney & Scofield Inc. acquired a new position in PayPal during the 4th quarter worth $35,000. Finally, Garde Capital Inc. acquired a new position in PayPal during the 1st quarter worth $28,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on PYPL shares. Robert W. Baird upped their price objective on PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Bank of America reduced their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Macquarie cut their price target on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $88.00 price target on shares of PayPal in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and a consensus target price of $83.42.

PayPal Stock Up 0.0%

Shares of PYPL traded up $0.01 during midday trading on Wednesday, hitting $72.97. The stock had a trading volume of 9,652,794 shares, compared to its average volume of 10,877,098. The company has a 50 day simple moving average of $72.60 and a two-hundred day simple moving average of $73.46. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The firm has a market cap of $70.97 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.19 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 (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, beating the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter last year, the business posted $1.08 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity

In other news, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president owned 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, the director owned 13,976 shares of the company's stock, valued at $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock worth $863,028 in the last quarter. Corporate insiders own 0.08% of the company's stock.

About PayPal

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.