Verde Capital Management Cuts Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Verde Capital Management lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 67.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,835 shares of the credit services provider's stock after selling 12,313 shares during the period. Verde Capital Management's holdings in PayPal were worth $381,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal in the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal during the 4th quarter valued at $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of PayPal during the 4th quarter valued at $34,000. Pinney & Scofield Inc. acquired a new position in PayPal during the 4th quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC acquired a new position in PayPal during the 4th quarter worth about $38,000. Institutional investors own 68.32% of the company's stock.

PayPal Price Performance

Shares of PayPal stock traded down $0.89 during trading on Friday, hitting $70.04. The stock had a trading volume of 14,934,033 shares, compared to its average volume of 11,197,816. The firm has a market cap of $68.12 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66. The business's 50-day moving average is $66.32 and its 200 day moving average is $76.64. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results 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. 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 23.67% and a net margin of 13.04%. The firm's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 earnings per share. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Citigroup decreased their price objective on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Monness Crespi & Hardt cut their target price on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America cut their target price on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.80.

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.