PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,185 shares of the credit services provider’s stock after selling 854 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in PayPal were worth $564,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Litman Gregory Wealth Management LLC increased its position in PayPal by 12.1% during the 4th quarter. Litman Gregory Wealth Management LLC now owns 165,603 shares of the credit services provider’s stock worth $10,170,000 after purchasing an additional 17,822 shares in the last quarter. Naples Money Management LLC acquired a new stake in PayPal during the 4th quarter worth approximately $65,000. Tanager Wealth Management LLP acquired a new stake in PayPal during the 4th quarter worth approximately $429,000. John G Ullman & Associates Inc. grew its position in PayPal by 19.5% in the fourth quarter. John G Ullman & Associates Inc. now owns 39,285 shares of the credit services provider’s stock valued at $2,412,000 after acquiring an additional 6,400 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its position in PayPal by 2.4% in the fourth quarter. Resonant Capital Advisors LLC now owns 28,644 shares of the credit services provider’s stock valued at $1,759,000 after acquiring an additional 668 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PYPL shares. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Mizuho lowered their price objective on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Citigroup lowered their price objective on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of PayPal in a research report on Thursday, March 21st. Finally, Wells Fargo & Company increased their price objective on shares of PayPal from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $70.47.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company’s stock.

PayPal Stock Up 1.4 %

Shares of NASDAQ:PYPL opened at $63.19 on Tuesday. The business’s 50 day simple moving average is $62.40 and its two-hundred day simple moving average is $60.00. The firm has a market cap of $66.52 billion, a P/E ratio of 16.46, a PEG ratio of 1.38 and a beta of 1.45. 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 Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54.

PayPal (NASDAQ:PYPL) last posted its earnings results 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. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the company earned $1.01 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, research analysts forecast that PayPal Holdings, Inc. will post 4.04 EPS for the current fiscal year.

About PayPal

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.