Integrated Investment Consultants LLC Decreases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Integrated Investment Consultants LLC significantly reduced its stake in PayPal by 91.7%, selling over 58,000 shares and now holding just 5,298 shares valued at approximately $346,000.
• Analysts' ratings for PayPal show a mix of outlooks, with a consensus target price of $83.13 and a predominant rating of "Hold" among the majority of ratings.
• Insiders have also been selling shares, with notable transactions by Director Deborah M. Messemer and insider Suzan Kereere, reflecting a decrease in ownership among company executives.

Integrated Investment Consultants LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 91.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,298 shares of the credit services provider's stock after selling 58,755 shares during the period. Integrated Investment Consultants LLC's holdings in PayPal were worth $346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PYPL. Geode Capital Management LLC increased its stake in shares of PayPal by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock worth $1,849,884,000 after acquiring an additional 271,836 shares during the last quarter. FMR LLC increased its stake in shares of PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after acquiring an additional 2,161,582 shares during the last quarter. Capital Research Global Investors increased its stake in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after acquiring an additional 9,313,783 shares during the last quarter. Northern Trust Corp increased its stake in shares of PayPal by 19.0% in the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after acquiring an additional 1,669,908 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of PayPal by 1.8% in the 4th quarter. Invesco Ltd. now owns 8,283,915 shares of the credit services provider's stock worth $707,032,000 after acquiring an additional 144,402 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

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 shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director directly owned 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction, the insider owned 48,483 shares in the company, valued at approximately $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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 Performance

PYPL traded down $0.36 during trading on Wednesday, hitting $71.09. 8,975,305 shares of the stock were exchanged, compared to its average volume of 11,124,725. The firm has a market capitalization of $69.14 billion, a P/E ratio of 15.92, a PEG ratio of 1.29 and a beta of 1.45. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The stock has a fifty day moving average price of $73.29 and a two-hundred day moving average price of $72.68. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. During the same period last year, the business posted $1.19 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PYPL. Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company lowered their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Citigroup reiterated a "buy" rating on shares of PayPal in a report on Tuesday. Canaccord Genuity Group reiterated a "buy" rating and set a $96.00 price target on shares of PayPal in a report on Wednesday, April 30th. Finally, BMO Capital Markets reiterated a "market perform" rating on shares of PayPal in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $84.10.

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.