PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Holdings Trimmed by Sigma Planning Corp

Sigma Planning Corp lowered its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 43.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,003 shares of the credit services provider's stock after selling 6,175 shares during the quarter. Sigma Planning Corp's holdings in PayPal were worth $522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Brighton Jones LLC raised its holdings in shares of PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock valued at $596,000 after buying an additional 924 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of PayPal in the 4th quarter valued at $248,000. Proficio Capital Partners LLC acquired a new position in PayPal during the 4th quarter worth $216,000. Royal London Asset Management Ltd. grew its stake in PayPal by 1.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 723,944 shares of the credit services provider's stock worth $61,789,000 after purchasing an additional 10,277 shares in the last quarter. Finally, HUB Investment Partners LLC grew its stake in PayPal by 74.7% during the 4th quarter. HUB Investment Partners LLC now owns 7,657 shares of the credit services provider's stock worth $654,000 after purchasing an additional 3,275 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Trading Up 0.4%

Shares of PayPal stock traded up $0.31 during trading hours on Friday, reaching $74.17. The stock had a trading volume of 9,003,130 shares, compared to its average volume of 10,883,670. The firm has a 50 day simple moving average of $72.75 and a two-hundred day simple moving average of $73.22. The firm has a market capitalization of $72.13 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 1.21 and a beta of 1.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The company 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. Truist Financial initiated coverage on PayPal in a research note on Monday, June 2nd. They set a "sell" rating and a $68.00 target price for the company. Compass Point initiated coverage on PayPal in a research note on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price for the company. Barclays boosted their target price on PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Friday. Piper Sandler raised PayPal to a "neutral" rating and set a $74.00 target price for the company in a research note on Tuesday, June 24th. Finally, Macquarie lowered their price objective on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $83.13.

Insiders Place Their Bets

In other news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider directly owned 48,483 shares of the company's stock, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director directly owned 13,976 shares in the company, valued at approximately $1,020,248. The trade was a 21.36% 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 over the last quarter. 0.08% of the stock is owned by corporate insiders.

PayPal Company 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.