Roundview Capital LLC Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Roundview Capital LLC lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,512 shares of the credit services provider’s stock after selling 573 shares during the period. Roundview Capital LLC’s holdings in PayPal were worth $1,075,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Meridian Management Co. boosted its stake in PayPal by 57.7% during the 4th quarter. Meridian Management Co. now owns 52,774 shares of the credit services provider’s stock valued at $3,109,000 after purchasing an additional 19,305 shares during the last quarter. J. W. Coons Advisors LLC boosted its position in shares of PayPal by 8.0% during the fourth quarter. J. W. Coons Advisors LLC now owns 5,423 shares of the credit services provider’s stock valued at $333,000 after buying an additional 400 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in PayPal in the 4th quarter worth about $1,089,000. TD Asset Management Inc lifted its stake in PayPal by 36.2% during the 4th quarter. TD Asset Management Inc now owns 649,999 shares of the credit services provider’s stock valued at $39,916,000 after acquiring an additional 172,786 shares during the period. Finally, Palisades Hudson Asset Management L.P. purchased a new stake in shares of PayPal during the 4th quarter valued at about $202,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Activity at PayPal

In other news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Frank Keller sold 7,686 shares of the company’s 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 transaction, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

PayPal Price Performance

NASDAQ:PYPL traded up $1.46 during trading hours on Thursday, reaching $62.51. The stock had a trading volume of 11,868,794 shares, compared to its average volume of 15,321,034. The stock has a market capitalization of $65.39 billion, a PE ratio of 15.75, a PEG ratio of 1.02 and a beta of 1.41. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The company has a 50 day moving average price of $64.57 and a two-hundred day moving average price of $61.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research reports. UBS Group boosted their price objective on shares of PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Evercore ISI raised their price target on PayPal from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Wednesday, May 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Tuesday, April 30th. Daiwa Capital Markets downgraded PayPal from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $64.00 to $62.00 in a report on Tuesday, February 13th. Finally, StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a research note on Tuesday, May 21st. Twenty-two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, PayPal has a consensus rating of “Hold” and an average target price of $73.39.

Read Our Latest Analysis on PayPal

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.

Further Reading

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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