Trek Financial LLC Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Trek Financial LLC reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 93.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,775 shares of the credit services provider's stock after selling 80,280 shares during the period. Trek Financial LLC's holdings in PayPal were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its stake in shares of PayPal by 1.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 567,496 shares of the credit services provider's stock valued at $36,059,000 after purchasing an additional 5,698 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of PayPal by 2.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 41,679 shares of the credit services provider's stock valued at $2,720,000 after purchasing an additional 978 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its stake in shares of PayPal by 49.8% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 24,433 shares of the credit services provider's stock valued at $1,594,000 after purchasing an additional 8,118 shares during the last quarter. Alpha Cubed Investments LLC lifted its holdings in PayPal by 35.4% during the 1st quarter. Alpha Cubed Investments LLC now owns 3,732 shares of the credit services provider's stock worth $244,000 after buying an additional 976 shares during the period. Finally, Jessup Wealth Management Inc lifted its holdings in PayPal by 40.6% during the 1st quarter. Jessup Wealth Management Inc now owns 11,467 shares of the credit services provider's stock worth $748,000 after buying an additional 3,311 shares during the period. Institutional investors own 68.32% of the company's stock.

PayPal Stock Down 1.4%

NASDAQ PYPL traded down $1.08 during mid-day trading on Friday, reaching $74.62. The stock had a trading volume of 2,935,470 shares, compared to its average volume of 10,798,082. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The stock has a market cap of $72.57 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. The company has a fifty day moving average price of $72.23 and a 200 day moving average price of $73.87. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on PYPL. Citigroup dropped their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Macquarie decreased their price objective on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Wells Fargo & Company decreased their price objective on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Arete Research set a $81.00 price objective on PayPal in a report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $83.42.

Insider Activity

In other news, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director directly owned 13,976 shares in the company, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider owned 48,483 shares in the company, valued at $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. In the last three months, insiders have sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by corporate insiders.

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.