PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 31.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,233 shares of the credit services provider's stock after selling 13,184 shares during the quarter. Park Avenue Securities LLC's holdings in PayPal were worth $1,842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mpwm Advisory Solutions LLC acquired a new stake in PayPal during the fourth quarter valued at $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal during the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. purchased a new position in shares of PayPal in the 4th quarter valued at about $34,000. Pinney & Scofield Inc. purchased a new position in shares of PayPal in the 4th quarter valued at about $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in PayPal during the fourth quarter worth approximately $38,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 0.3%

NASDAQ:PYPL traded up $0.25 during midday trading on Thursday, reaching $74.86. The company had a trading volume of 2,645,414 shares, compared to its average volume of 11,001,421. The stock's fifty day simple moving average is $67.55 and its 200-day simple moving average is $76.02. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The firm has a market capitalization of $72.80 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.27 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 earnings per share. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the subject of several recent analyst reports. Bank of America cut their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Compass Point started coverage on PayPal in a report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price objective on the stock. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Friday, February 28th. Finally, Robert W. Baird lifted their price target on PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Three 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 stock. According to data from MarketBeat, PayPal presently has a consensus rating of "Hold" and a consensus target price of $83.29.

Insider Transactions at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the sale, the insider now directly owns 48,483 shares of the company's stock, valued at $3,550,894.92. The trade was a 7.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director now directly owns 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,796 shares of company stock valued at $863,028. Insiders own 0.14% 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.