PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 47.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 7,616 shares of the credit services provider's stock after selling 6,959 shares during the period. Wealthcare Advisory Partners LLC's holdings in PayPal were worth $497,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Signet Financial Management LLC increased its stake in shares of PayPal by 2.8% in the 1st quarter. Signet Financial Management LLC now owns 35,622 shares of the credit services provider's stock valued at $2,324,000 after purchasing an additional 974 shares in the last quarter. Objectivity Squared LLC increased its stake in PayPal by 5.7% during the 1st quarter. Objectivity Squared LLC now owns 4,455 shares of the credit services provider's stock worth $279,000 after buying an additional 241 shares in the last quarter. Octavia Wealth Advisors LLC increased its stake in PayPal by 28.1% during the 1st quarter. Octavia Wealth Advisors LLC now owns 3,252 shares of the credit services provider's stock worth $212,000 after buying an additional 713 shares in the last quarter. Tounjian Advisory Partners LLC purchased a new stake in PayPal during the 1st quarter worth approximately $589,000. Finally, Pallas Capital Advisors LLC increased its stake in PayPal by 23.1% during the 1st quarter. Pallas Capital Advisors LLC now owns 17,461 shares of the credit services provider's stock worth $1,139,000 after buying an additional 3,280 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Performance

NASDAQ PYPL traded down $3.98 during trading hours on Friday, hitting $70.83. The company had a trading volume of 16,734,401 shares, compared to its average volume of 11,031,080. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a market cap of $68.88 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45. The business has a 50 day moving average of $68.14 and a 200-day moving average of $75.82.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the prior year, the firm posted $1.08 earnings per share. PayPal's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several recent research reports. Canaccord Genuity Group restated a "buy" rating and set a $96.00 target price on shares of PayPal in a report on Wednesday, April 30th. Monness Crespi & Hardt lowered their target price on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Citigroup lowered their target price on PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, Morgan Stanley upped their price objective on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $83.29.

Insider Transactions at PayPal

In related news, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the sale, the executive vice president now owns 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Deborah M. Messemer sold 3,795 shares of the firm'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 completion of the sale, the director now owns 13,976 shares of the company's stock, valued at approximately $1,020,248. The trade was a 21.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company's stock.

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.