Stratos Wealth Partners LTD. Decreases Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Stratos Wealth Partners LTD. reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 20.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,448 shares of the credit services provider's stock after selling 7,646 shares during the period. Stratos Wealth Partners LTD.'s holdings in PayPal were worth $1,987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in PayPal in the 4th quarter valued at about $25,000. Hurley Capital LLC purchased a new position in PayPal in the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. purchased a new position in PayPal in the 4th quarter valued at about $34,000. Pinney & Scofield Inc. purchased a new position in PayPal in the 4th quarter valued at about $35,000. Finally, Garde Capital Inc. purchased a new position in PayPal in the 1st quarter valued at about $28,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Evercore ISI assumed coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price target on the stock. Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday, April 30th. Piper Sandler raised shares of PayPal to a "neutral" rating and set a $74.00 price target on the stock in a research report on Tuesday, June 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Finally, Wall Street Zen raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $83.42.

Insider Activity at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 48,483 shares in the company, valued at approximately $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the sale, the executive vice president owned 16,989 shares of the company's stock, valued at $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock worth $863,028 over the last quarter. 0.08% of the stock is currently owned by company insiders.

PayPal Price Performance

NASDAQ PYPL opened at $75.70 on Friday. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $73.62 billion, a PE ratio of 16.94, a P/E/G ratio of 1.22 and a beta of 1.45. The company's 50 day simple moving average is $72.23 and its 200 day simple moving average is $73.87.

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

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.

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