Sienna Gestion Sells 6,365 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Key Points

• Sienna Gestion has reduced its stake in PayPal Holdings, Inc. by 5.7%, now owning 104,673 shares valued at approximately $6.64 million.
• PayPal's stock has seen an increase of 3.9% recently, with a current market cap of $67.48 billion and a P/E ratio of 15.09.
• Equities analysts have mixed ratings on PayPal, with the consensus price target set at $85.00, while two analysts rate it as a sell and eighteen as a buy.

Sienna Gestion reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,673 shares of the credit services provider's stock after selling 6,365 shares during the quarter. Sienna Gestion's holdings in PayPal were worth $6,639,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PYPL. Mpwm Advisory Solutions LLC purchased a new stake in shares of PayPal in the 4th quarter worth about $25,000. Evermay Wealth Management LLC grew its position in shares of PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after buying an additional 363 shares during the period. Garde Capital Inc. purchased a new stake in shares of PayPal in the 1st quarter worth about $28,000. Tsfg LLC grew its position in shares of PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after buying an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. purchased a new stake in PayPal during the 4th quarter valued at about $34,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Trading Down 1.8%

PYPL traded down $1.25 during trading on Thursday, reaching $69.38. The company had a trading volume of 10,669,716 shares, compared to its average volume of 12,971,066. The stock has a market cap of $66.28 billion, a P/E ratio of 14.82, a PEG ratio of 1.09 and a beta of 1.42. The business has a 50 day simple moving average of $72.64 and a 200-day simple moving average of $71.07. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 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 issued its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. The company had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%. During the same period last year, the company earned $1.19 earnings per share. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $88.00 price objective on shares of PayPal in a research report on Thursday, June 26th. Barclays reissued an "overweight" rating on shares of PayPal in a research report on Tuesday, July 29th. Morgan Stanley reissued a "positive" rating on shares of PayPal in a research report on Wednesday, July 30th. Piper Sandler set a $74.00 price objective on shares of PayPal in a research report on Tuesday, July 29th. Finally, JMP Securities lowered their target price on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $85.00.

Insider Buying and Selling

In related news, CAO Chris Natali sold 7,102 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction on Friday, June 6th. The stock was 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 of the company's stock, valued at approximately $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,736 shares of company stock valued at $1,620,835 in the last three months. Corporate insiders own 0.08% of the company's stock.

About PayPal

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.