PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Wilsey Asset Management Inc.

Wilsey Asset Management Inc. lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 74.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,874 shares of the credit services provider's stock after selling 105,938 shares during the quarter. PayPal accounts for about 0.5% of Wilsey Asset Management Inc.'s investment portfolio, making the stock its 18th largest position. Wilsey Asset Management Inc.'s holdings in PayPal were worth $2,406,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in PayPal during the fourth quarter valued at approximately $25,000. Hurley Capital LLC purchased a new position in shares of PayPal in the fourth quarter worth $27,000. Bernard Wealth Management Corp. purchased a new position in shares of PayPal in the fourth quarter worth $34,000. Pinney & Scofield Inc. purchased a new position in shares of PayPal in the fourth quarter worth $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of PayPal in the fourth quarter worth $38,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

Insider Activity

In other PayPal news, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director now owns 13,976 shares in the company, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the transaction, the insider now owns 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% 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 quarter. Corporate insiders own 0.08% of the company's stock.

PayPal Stock Performance

Shares of NASDAQ PYPL traded down $3.98 during midday trading on Friday, reaching $70.83. 16,734,401 shares of the stock were exchanged, compared to its average volume of 11,033,751. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The firm has a market cap of $68.88 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.27 and a beta of 1.45. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a 50-day simple moving average of $68.14 and a two-hundred day simple moving average of $75.74.

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

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. Royal Bank of Canada lowered their target price on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Macquarie lowered their target price 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. Barclays lowered their target price on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Seaport Res Ptn cut shares of PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Finally, Arete Research set a $81.00 price target on shares of PayPal in a research report on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, fifteen have issued 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 a consensus rating of "Hold" and an average target price of $83.29.

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.