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

Axxcess Wealth Management LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 29.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,673 shares of the credit services provider’s stock after selling 4,109 shares during the period. Axxcess Wealth Management LLC’s holdings in PayPal were worth $826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PYPL. United Bank lifted its holdings in PayPal by 9.7% during the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after purchasing an additional 794 shares in the last quarter. Pathstone Holdings LLC lifted its stake in PayPal by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 100,855 shares of the credit services provider’s stock valued at $7,870,000 after buying an additional 767 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in PayPal by 436.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,630 shares of the credit services provider’s stock worth $127,000 after buying an additional 1,326 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in PayPal during the 3rd quarter worth approximately $4,250,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of PayPal during the third quarter valued at approximately $235,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on 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 directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PayPal Stock Down 0.5 %

Shares of PayPal stock opened at $69.67 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The company has a market capitalization of $68.92 billion, a P/E ratio of 17.37, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a 50 day moving average of $78.46 and a 200 day moving average of $80.81.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a report on Friday, December 13th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Friday, February 28th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.03.

PayPal Company Profile

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.