PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Scotia Capital Inc.

Key Points

• Scotia Capital Inc. reduced its stake in PayPal by 12.9%, selling 18,531 shares to hold a total of 125,082 shares valued at $8.16 million.
• Insider transactions revealed that Director Deborah M. Messemer and another insider sold a combined 7,957 shares of PayPal stock, indicating potential concerns about the company’s performance.
• PayPal's current share price is $67.11, with a market capitalization of $64.12 billion, reflecting a 2.4% decrease recently and a consensus rating of "Moderate Buy" from analysts.

Scotia Capital Inc. trimmed its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 12.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,082 shares of the credit services provider's stock after selling 18,531 shares during the period. Scotia Capital Inc.'s holdings in PayPal were worth $8,162,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the 4th quarter valued at approximately $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal during the 4th quarter valued at approximately $27,000. Evermay Wealth Management LLC lifted its position in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after acquiring an additional 363 shares during the period. Garde Capital Inc. purchased a new position in shares of PayPal during the 1st quarter worth approximately $28,000. Finally, Tsfg LLC increased 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 in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 transaction of $277,035.00. Following the transaction, the director owned 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction, the insider owned 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,736 shares of company stock worth $1,620,835. Insiders own 0.08% of the company's stock.

PayPal Stock Down 2.4%

Shares of PYPL opened at $67.11 on Monday. The firm has a market cap of $64.12 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.03 and a beta of 1.42. The company's fifty day moving average is $73.14 and its two-hundred day moving average is $72.18. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.30 by $0.10. The company had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same quarter last year, the business earned $1.19 EPS. Analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Seaport Res Ptn raised shares of PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Piper Sandler set a $74.00 price objective on shares of PayPal in a research note on Tuesday, July 29th. Finally, BMO Capital Markets reissued a "market perform" rating on shares of PayPal in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.57.

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.

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