E Fund Management Co. Ltd. Sells 1,337 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

E Fund Management Co. Ltd. lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,735 shares of the credit services provider’s stock after selling 1,337 shares during the period. E Fund Management Co. Ltd.’s holdings in PayPal were worth $659,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of PayPal during the fourth quarter valued at $25,000. Sutton Wealth Advisors Inc. boosted its stake in shares of PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 237 shares during the last quarter. Beacon Capital Management LLC grew its position in shares of PayPal by 58.6% during the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after buying an additional 225 shares during the period. EdgeRock Capital LLC bought a new stake in shares of PayPal during the fourth quarter worth approximately $36,000. Finally, Criterion Capital Advisors LLC acquired a new position in PayPal in the fourth quarter valued at approximately $37,000. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling

In other 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 transaction of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

PayPal Stock Performance

PYPL traded down $2.11 on Wednesday, reaching $63.81. The company had a trading volume of 11,175,602 shares, compared to its average volume of 16,367,253. The stock has a market cap of $66.75 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.18 and a beta of 1.41. 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 Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The company’s fifty day moving average is $63.93 and its 200 day moving average is $60.72.

PayPal (NASDAQ:PYPL) last released 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). The firm had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 earnings per share. As a group, analysts predict that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PYPL shares. BMO Capital Markets lifted their target price on shares of PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Wednesday, May 1st. Canaccord Genuity Group cut their target price on shares of PayPal from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. TD Cowen upped their price objective on shares of PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. Morgan Stanley reiterated an “equal weight” rating and issued a $66.00 price objective (down from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. Finally, Susquehanna lifted their price target on shares of PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $72.73.

PayPal 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.