Wealth Advisors of Tampa Bay LLC Has $786,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Wealth Advisors of Tampa Bay LLC trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 73.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,805 shares of the credit services provider's stock after selling 35,495 shares during the period. Wealth Advisors of Tampa Bay LLC's holdings in PayPal were worth $786,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Vestcor Inc grew its position in PayPal by 0.5% in the fourth quarter. Vestcor Inc now owns 26,063 shares of the credit services provider's stock worth $1,856,000 after acquiring an additional 140 shares during the period. Silvercrest Asset Management Group LLC lifted its stake in PayPal by 1.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider's stock worth $1,072,000 after purchasing an additional 143 shares in the last quarter. Oxford Financial Group Ltd. lifted its stake in PayPal by 4.9% during the first quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider's stock worth $370,000 after purchasing an additional 150 shares in the last quarter. Donaldson Capital Management LLC lifted its stake in PayPal by 5.3% during the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider's stock worth $358,000 after purchasing an additional 155 shares in the last quarter. Finally, Pine Haven Investment Counsel Inc lifted its stake in PayPal by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider's stock worth $289,000 after purchasing an additional 170 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares of the company's stock, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Argus cut PayPal from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. JPMorgan Chase & Co. decreased their price target on PayPal from $75.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, February 8th. Morgan Stanley restated an "equal weight" rating and set a $66.00 price target (down from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. DZ Bank cut PayPal from a "buy" rating to a "hold" rating and set a $60.00 price objective on the stock. in a research note on Friday, February 9th. Finally, UBS Group increased their price objective on PayPal from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $70.47.

PayPal Price Performance

Shares of PYPL stock traded up $0.61 during midday trading on Friday, reaching $65.15. 7,981,715 shares of the company traded hands, compared to its average volume of 12,309,223. The firm's 50 day simple moving average is $61.79 and its two-hundred day simple moving average is $59.55. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $77.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $69.82 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.46 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the firm posted $1.01 EPS. The company's quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that PayPal Holdings, Inc. will post 3.95 EPS for the current fiscal year.

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.