Mayar Capital Ltd. Has $2.90 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mayar Capital Ltd. trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,472 shares of the credit services provider's stock after selling 21,800 shares during the period. PayPal accounts for about 5.1% of Mayar Capital Ltd.'s investment portfolio, making the stock its 7th biggest holding. Mayar Capital Ltd.'s holdings in PayPal were worth $2,902,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after buying an additional 924 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in PayPal during the 4th quarter valued at $248,000. Proficio Capital Partners LLC purchased a new stake in PayPal during the 4th quarter valued at $216,000. LBP AM SA purchased a new stake in PayPal during the 4th quarter valued at $775,000. Finally, Choate Investment Advisors boosted its stake in PayPal by 12.4% during the 4th quarter. Choate Investment Advisors now owns 5,169 shares of the credit services provider's stock valued at $441,000 after purchasing an additional 569 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director owned 13,976 shares of the company's stock, 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 quarter, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday. Wells Fargo & Company reduced their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Evercore ISI assumed coverage on shares of PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target for the company. Bank of America reduced their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, BMO Capital Markets reduced their price target on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $83.42.

PayPal Price Performance

PYPL stock traded down $0.93 during trading on Tuesday, hitting $72.96. 7,323,850 shares of the company's stock traded hands, compared to its average volume of 10,875,217. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30. The business has a fifty day simple moving average of $72.42 and a 200 day simple moving average of $73.46. The stock has a market capitalization of $70.96 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.21 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating 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 analyst estimates of $7.84 billion. During the same quarter last year, the business earned $1.08 earnings per share. PayPal's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.