Farther Finance Advisors LLC Sells 1,049 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Farther Finance Advisors LLC trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,841 shares of the credit services provider’s stock after selling 1,049 shares during the quarter. Farther Finance Advisors LLC’s holdings in PayPal were worth $669,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Relyea Zuckerberg Hanson LLC raised its holdings in shares of PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after purchasing an additional 3,976 shares during the last quarter. World Investment Advisors LLC purchased a new stake in PayPal during the 3rd quarter valued at $387,435,000. Equity Investment Corp lifted its holdings in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares during the period. Fortem Financial Group LLC boosted its stake in shares of PayPal by 28.0% in the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock worth $2,842,000 after buying an additional 7,291 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of PayPal by 120.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock valued at $125,461,000 after purchasing an additional 849,311 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $68.95 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The stock has a market cap of $68.21 billion, a PE ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a 50-day moving average price of $79.96 and a 200 day moving average price of $80.94.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on PYPL. Robert W. Baird decreased their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Finally, StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.03.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

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.