Schechter Investment Advisors LLC Sells 2,955 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Schechter Investment Advisors LLC decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,992 shares of the credit services provider’s stock after selling 2,955 shares during the period. Schechter Investment Advisors LLC’s holdings in PayPal were worth $1,228,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bartlett & Co. LLC lifted its position in shares of PayPal by 8.5% in the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after buying an additional 740 shares in the last quarter. Sunbelt Securities Inc. raised its position in PayPal by 4.9% during the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after purchasing an additional 942 shares during the period. First Hawaiian Bank raised its position in PayPal by 8.6% during the fourth quarter. First Hawaiian Bank now owns 6,936 shares of the credit services provider’s stock valued at $426,000 after purchasing an additional 552 shares during the period. Litman Gregory Wealth Management LLC purchased a new stake in PayPal during the third quarter valued at approximately $8,639,000. Finally, Hudson Bay Capital Management LP purchased a new stake in PayPal during the third quarter valued at approximately $5,261,000. Institutional investors own 68.32% of the company’s stock.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

PayPal Stock Performance

NASDAQ PYPL opened at $66.57 on Thursday. The stock has a 50-day simple moving average of $61.32 and a two-hundred day simple moving average of $59.36. The firm has a market capitalization of $71.35 billion, a P/E ratio of 17.34, a PEG ratio of 1.51 and a beta of 1.44. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $77.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $1.01 EPS. On average, equities analysts forecast that PayPal Holdings, Inc. will post 3.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent research reports. Evercore ISI upped their price objective on PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a research report on Tuesday. Wedbush reiterated an “outperform” rating and issued a $85.00 price target on shares of PayPal in a report on Thursday, February 8th. JPMorgan Chase & Co. dropped their price objective on PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, February 8th. Wells Fargo & Company increased their price objective on PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, JMP Securities reissued a “market outperform” rating and issued a $68.00 price objective on shares of PayPal in a research note on Thursday, February 8th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $70.47.

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.