Nisa Investment Advisors LLC Trims Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Nisa Investment Advisors LLC reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 319,250 shares of the credit services provider's stock after selling 9,583 shares during the period. Nisa Investment Advisors LLC's holdings in PayPal were worth $20,831,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in PayPal during the 4th quarter valued at $25,000. Hurley Capital LLC bought a new position in PayPal during the 4th quarter valued at $27,000. Garde Capital Inc. bought a new stake in shares of PayPal during the 1st quarter worth $28,000. Tsfg LLC raised its stake in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after purchasing an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. bought a new stake in shares of PayPal during the 4th quarter worth $34,000. 68.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 4,162 shares of the business's 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 transaction, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% 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 company's stock in a transaction dated 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 owned 13,976 shares in the company, valued at $1,020,248. This represents a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock worth $863,028 in the last three months. Insiders own 0.08% of the company's stock.

PayPal Stock Up 1.2%

PayPal stock traded up $0.87 during mid-day trading on Thursday, hitting $75.70. The company had a trading volume of 6,377,878 shares, compared to its average volume of 10,828,908. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a market capitalization of $73.62 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45. The stock's 50 day moving average price is $72.02 and its two-hundred day moving average price is $73.95. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its 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. 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. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Monness Crespi & Hardt decreased their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Royal Bank Of Canada reiterated an "outperform" rating and set a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. Wells Fargo & Company dropped their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Macquarie dropped their target price on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Finally, Barclays dropped their target price on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $83.42.

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.