Mercer Global Advisors Inc. ADV Sells 11,947 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Mercer Global Advisors Inc. ADV lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,597 shares of the credit services provider's stock after selling 11,947 shares during the period. Mercer Global Advisors Inc. ADV's holdings in PayPal were worth $8,159,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its holdings in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of PayPal in the fourth quarter valued at about $27,000. Sugarloaf Wealth Management LLC lifted its position in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares in the last quarter. Modus Advisors LLC bought a new position in shares of PayPal in the 4th quarter valued at about $37,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of PayPal during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PYPL. Piper Sandler dropped their price objective on PayPal from $76.00 to $70.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Arete Research set a $81.00 target price on shares of PayPal in a report on Thursday, March 27th. Barclays decreased their target price on PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley raised their target price on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Finally, BMO Capital Markets lowered their price target on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $83.77.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company's stock.

PayPal Trading Up 1.9 %

Shares of NASDAQ PYPL traded up $1.30 during midday trading on Monday, hitting $68.54. 11,990,644 shares of the company traded hands, compared to its average volume of 11,262,022. The stock has a 50-day moving average price of $65.68 and a 200 day moving average price of $78.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $66.66 billion, a P/E ratio of 17.09, 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.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates 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 period in the previous year, the company posted $1.08 earnings per share. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.