PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 31.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,346 shares of the credit services provider’s stock after selling 4,846 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in PayPal were worth $635,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of PayPal during the 4th quarter worth $25,000. Sutton Wealth Advisors Inc. grew its holdings in 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 buying an additional 237 shares during the period. Beacon Capital Management LLC increased its stake 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 valued at $36,000 after acquiring an additional 225 shares during the last quarter. EdgeRock Capital LLC purchased a new position in shares of PayPal during the 4th quarter worth about $36,000. Finally, Criterion Capital Advisors LLC purchased a new stake in PayPal in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on PYPL. StockNews.com downgraded shares of PayPal from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of PayPal in a report on Thursday, February 8th. Royal Bank of Canada upped their price target on PayPal from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Tuesday, April 30th. Finally, Sanford C. Bernstein boosted their target price on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, PayPal has an average rating of “Hold” and a consensus target price of $72.73.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $0.64 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 business’s 50-day moving average is $64.00 and its two-hundred day moving average is $60.74. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The firm has a market capitalization of $67.42 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.18 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the company earned $0.86 EPS. PayPal’s revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

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.