Trek Financial LLC Sells 80,280 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Trek Financial LLC reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 93.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. J. Goldman & Co LP raised its stake in shares of PayPal by 11.9% in the fourth quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock valued at $22,304,000 after acquiring an additional 27,812 shares during the period. Nikko Asset Management Americas Inc. boosted its position in PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after buying an additional 18,172 shares during the period. ExodusPoint Capital Management LP boosted its position in PayPal by 223.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after buying an additional 183,011 shares during the period. StoneX Group Inc. boosted its position in PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after buying an additional 11,260 shares during the period. Finally, Proffitt & Goodson Inc. bought a new stake in shares of PayPal in the 1st quarter valued at about $535,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

Shares of NASDAQ PYPL traded up $0.87 during mid-day trading on Thursday, reaching $75.70. The company had a trading volume of 6,377,878 shares, compared to its average volume of 10,816,430. The business's 50-day simple moving average is $72.02 and its 200 day simple moving average is $73.95. The firm has a market cap of $73.62 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.23 and a beta of 1.45. PayPal Holdings, Inc. has a one year low of $55.85 and a one year 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 data 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. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period last year, the company posted $1.08 EPS. The business's quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In related news, insider Suzan Kereere sold 4,162 shares of the company'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 value of $304,824.88. Following the transaction, the insider owned 48,483 shares in the company, valued at approximately $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction on 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 $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock worth $863,028 in the last 90 days. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on PYPL. Citigroup reduced their price target on shares of PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Bank of America reduced their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Compass Point assumed coverage on shares of PayPal in a report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price objective on the stock. Macquarie dropped their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. Finally, Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Three equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $83.42.

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.