United Advisor Group LLC Sells 6,131 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

United Advisor Group LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 63.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,592 shares of the credit services provider's stock after selling 6,131 shares during the period. United Advisor Group LLC's holdings in PayPal were worth $234,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. grew its position in PayPal by 66.8% in the 1st quarter. Johnson Investment Counsel Inc. now owns 9,695 shares of the credit services provider's stock worth $633,000 after purchasing an additional 3,882 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of PayPal by 1.5% during the first quarter. State of Alaska Department of Revenue now owns 115,967 shares of the credit services provider's stock valued at $7,566,000 after buying an additional 1,680 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in shares of PayPal by 13.3% in the first quarter. CWA Asset Management Group LLC now owns 6,803 shares of the credit services provider's stock valued at $444,000 after buying an additional 797 shares during the period. Kingswood Wealth Advisors LLC grew its position in PayPal by 50.5% during the first quarter. Kingswood Wealth Advisors LLC now owns 11,861 shares of the credit services provider's stock worth $781,000 after buying an additional 3,980 shares in the last quarter. Finally, Roman Butler Fullerton & Co. increased its stake in PayPal by 2.3% during the first quarter. Roman Butler Fullerton & Co. now owns 9,654 shares of the credit services provider's stock valued at $599,000 after acquiring an additional 216 shares during the period. Institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Keefe, Bruyette & Woods cut their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Citigroup cut their target price on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Piper Sandler decreased their price target on shares of PayPal from $76.00 to $70.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Canaccord Genuity Group reissued a "buy" rating and issued a $96.00 price target on shares of PayPal in a report on Wednesday, April 30th. Finally, Macquarie reduced their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of "Hold" and a consensus price target of $83.29.

Insiders Place Their Bets

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the transaction, the executive vice president now owns 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the transaction, the insider now owns 48,483 shares of the company's stock, 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. In the last 90 days, insiders sold 11,796 shares of company stock valued at $863,028. Company insiders own 0.08% of the company's stock.

PayPal Trading Up 2.2%

PYPL traded up $1.48 during mid-day trading on Friday, reaching $70.05. The stock had a trading volume of 18,484,205 shares, compared to its average volume of 11,012,217. The firm's fifty day simple moving average is $68.98 and its two-hundred day simple moving average is $75.16. The stock has a market capitalization of $68.13 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.16 and a beta of 1.45. 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.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current 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.