PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Summerhill Capital Management lnc.

Summerhill Capital Management lnc. reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 59.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,360 shares of the credit services provider's stock after selling 68,871 shares during the period. PayPal accounts for approximately 4.1% of Summerhill Capital Management lnc.'s holdings, making the stock its 10th biggest position. Summerhill Capital Management lnc.'s holdings in PayPal were worth $3,090,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PYPL. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal in the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in PayPal in the 4th quarter valued at $27,000. Garde Capital Inc. bought a new stake in PayPal in the 1st quarter valued at $28,000. Bernard Wealth Management Corp. acquired a new stake in PayPal in the 4th quarter worth $34,000. Finally, Pinney & Scofield Inc. bought a new position in shares of PayPal during the 4th quarter worth about $35,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction on 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 now owns 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzan Kereere sold 4,162 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 transaction of $304,824.88. Following the completion of the sale, the insider now owns 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock valued at $863,028 over the last three months. Company insiders own 0.08% of the company's stock.

PayPal Stock Down 0.7%

NASDAQ PYPL traded down $0.51 during trading hours on Wednesday, reaching $73.07. 7,847,548 shares of the company's stock were exchanged, compared to its average volume of 10,997,510. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company's 50-day moving average is $69.40 and its two-hundred day moving average is $74.93. The company has a market capitalization of $71.06 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $1.08 earnings per share. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the subject of several research reports. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Seaport Res Ptn downgraded PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Royal Bank Of Canada decreased their price objective on PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. UBS Group cut their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price 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.