Arcadia Investment Management Corp MI Has $244,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Arcadia Investment Management Corp MI reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 67.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,981 shares of the credit services provider’s stock after selling 8,220 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in PayPal were worth $244,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in PayPal in the 4th quarter valued at approximately $25,000. Sutton Wealth Advisors Inc. boosted its position in PayPal by 115.0% during the third 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 boosted its position in PayPal by 58.6% during the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 225 shares during the last quarter. EdgeRock Capital LLC purchased a new position in PayPal in the fourth quarter valued at about $36,000. Finally, Criterion Capital Advisors LLC acquired a new position in PayPal in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The shares were 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 owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PYPL. StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Mizuho boosted their target price on shares of PayPal from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. UBS Group upped their price objective on shares of PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Monness Crespi & Hardt raised their target price on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, April 29th. Twenty-five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and a consensus price target of $72.73.

PayPal Price Performance

PYPL traded up $0.64 during midday trading on Thursday, reaching $64.45. 8,363,010 shares of the company’s stock were exchanged, compared to its average volume of 16,278,468. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $64.00 and a two-hundred day simple moving average of $60.74. The firm has a market capitalization of $67.42 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.18 and a beta of 1.41. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS 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 company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the business earned $0.86 EPS. PayPal’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

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.