PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 471,837 shares of the credit services provider's stock after selling 35,365 shares during the quarter. PayPal accounts for approximately 1.5% of Motley Fool Wealth Management LLC's holdings, making the stock its 16th biggest position. Motley Fool Wealth Management LLC's holdings in PayPal were worth $28,948,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Exchange Traded Concepts LLC grew its stake in shares of PayPal by 5.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 34,379 shares of the credit services provider's stock valued at $2,010,000 after acquiring an additional 1,885 shares during the period. Hennessy Advisors Inc. grew its stake in shares of PayPal by 9.8% during the 3rd quarter. Hennessy Advisors Inc. now owns 28,000 shares of the credit services provider's stock valued at $1,637,000 after acquiring an additional 2,500 shares during the period. SS&H Financial Advisors Inc. bought a new position in shares of PayPal during the 3rd quarter valued at approximately $256,000. Czech National Bank grew its stake in shares of PayPal by 45.3% during the 3rd quarter. Czech National Bank now owns 191,915 shares of the credit services provider's stock valued at $11,219,000 after acquiring an additional 59,797 shares during the period. Finally, Rezny Wealth Management Inc. grew its stake in shares of PayPal by 1.2% during the 3rd quarter. Rezny Wealth Management Inc. now owns 15,496 shares of the credit services provider's stock valued at $906,000 after acquiring an additional 187 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company's stock.

PayPal Trading Up 2.9 %

PYPL stock traded up $1.86 during midday trading on Friday, reaching $65.96. The company's stock had a trading volume of 14,190,444 shares, compared to its average volume of 9,031,016. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a fifty day simple moving average of $62.87 and a two-hundred day simple moving average of $60.19. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The firm has a market capitalization of $69.43 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.23 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business's revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.01 earnings per share. On average, equities research analysts predict that PayPal Holdings, Inc. will post 4.02 EPS for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of research analyst reports. Mizuho lowered their price target on PayPal from $65.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, February 8th. Stephens reissued an "equal weight" rating and issued a $70.00 price target on shares of PayPal in a report on Thursday, February 8th. Argus cut PayPal from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Monness Crespi & Hardt lowered their price target on PayPal from $95.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, February 8th. Finally, JMP Securities boosted their price target on PayPal from $68.00 to $70.00 and gave the stock a "market outperform" rating in a report on Wednesday, April 17th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $70.47.

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.