Perfromance Wealth Partners LLC Cuts Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Perfromance Wealth Partners LLC decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 28.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,600 shares of the credit services provider’s stock after selling 3,500 shares during the period. Perfromance Wealth Partners LLC’s holdings in PayPal were worth $528,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Allen Mooney & Barnes Investment Advisors LLC boosted its position in PayPal by 10.0% during the 4th quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 4,933 shares of the credit services provider’s stock valued at $303,000 after buying an additional 448 shares during the period. Bellecapital International Ltd. boosted its position in PayPal by 2.0% during the 4th quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock valued at $1,332,000 after buying an additional 433 shares during the period. Argus Investors Counsel Inc. boosted its position in PayPal by 14.0% during the 4th quarter. Argus Investors Counsel Inc. now owns 19,150 shares of the credit services provider’s stock valued at $1,176,000 after buying an additional 2,350 shares during the period. AdvisorNet Financial Inc boosted its position in PayPal by 26.0% during the 4th quarter. AdvisorNet Financial Inc now owns 6,942 shares of the credit services provider’s stock valued at $426,000 after buying an additional 1,432 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd boosted its position in PayPal by 7.1% during the 4th quarter. ICICI Prudential Asset Management Co Ltd now owns 10,464 shares of the credit services provider’s stock valued at $643,000 after buying an additional 694 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. Evercore ISI increased their price target on shares of PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a research report on Tuesday, March 26th. JMP Securities restated a “market outperform” rating and issued a $68.00 price objective on shares of PayPal in a report on Thursday, February 8th. Daiwa Capital Markets lowered shares of PayPal from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $64.00 to $62.00 in a report on Tuesday, February 13th. William Blair restated an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Finally, Citigroup decreased their price objective on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Twenty-four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $70.47.

Check Out Our Latest Stock Report on PayPal

PayPal Stock Performance

NASDAQ PYPL opened at $65.03 on Tuesday. The company has a market cap of $69.70 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.51 and a beta of 1.45. 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 stock has a 50-day moving average of $61.58 and a two-hundred day moving average of $59.45. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $77.95.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. As a group, analysts anticipate that PayPal Holdings, Inc. will post 3.95 EPS for the current year.

PayPal Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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