PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Lowered by EP Wealth Advisors LLC

EP Wealth Advisors LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,459 shares of the credit services provider’s stock after selling 247 shares during the period. EP Wealth Advisors LLC’s holdings in PayPal were worth $807,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. EPG Wealth Management LLC increased its position in shares of PayPal by 22.4% during the 4th quarter. EPG Wealth Management LLC now owns 7,567 shares of the credit services provider’s stock valued at $646,000 after purchasing an additional 1,384 shares during the period. Colonial Trust Co SC boosted its stake in PayPal by 19.5% during the fourth quarter. Colonial Trust Co SC now owns 3,361 shares of the credit services provider’s stock valued at $287,000 after buying an additional 549 shares in the last quarter. Concentric Capital Strategies LP acquired a new position in PayPal during the fourth quarter worth about $3,408,000. CoreCap Advisors LLC raised its position in PayPal by 41.4% in the fourth quarter. CoreCap Advisors LLC now owns 6,327 shares of the credit services provider’s stock worth $540,000 after acquiring an additional 1,853 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in PayPal by 0.9% in the 4th quarter. Cetera Investment Advisers now owns 202,054 shares of the credit services provider’s stock valued at $17,245,000 after acquiring an additional 1,729 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ PYPL opened at $70.26 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $68.33 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a 50 day moving average price of $65.65 and a two-hundred day moving average price of $77.70.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. During the same quarter in the previous year, the business earned $1.08 EPS. PayPal’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $96.00 target price on shares of PayPal in a report on Wednesday, April 30th. Piper Sandler dropped their price target on PayPal from $76.00 to $70.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Morgan Stanley raised their price objective on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Robert W. Baird lifted their target price on PayPal from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Finally, Arete Research set a $81.00 target price on PayPal in a report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.68.

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.