PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,176 shares of the credit services provider’s stock after selling 2,983 shares during the quarter. Mmbg Investment Advisors CO.’s holdings in PayPal were worth $1,210,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton increased its stake in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of PayPal in the 4th quarter valued at approximately $27,000. Bernard Wealth Management Corp. acquired a new stake in PayPal during the fourth quarter worth approximately $37,000. Crowley Wealth Management Inc. acquired a new stake in shares of PayPal during the 4th quarter valued at $39,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of PayPal during the 4th quarter valued at $41,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Trading Down 0.3%

Shares of PYPL stock opened at $70.26 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average of $65.65 and a 200-day moving average of $77.67. The stock has a market cap of $68.33 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.27 and a beta of 1.51. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PYPL shares. Canaccord Genuity Group restated a “buy” rating and set a $96.00 price target on shares of PayPal in a research report on Wednesday, April 30th. Morgan Stanley boosted their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Friday, February 28th. Keefe, Bruyette & Woods decreased their price target on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 31st. Finally, Barclays decreased their target price on PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Two 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 company’s stock. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.68.

Insider Activity at PayPal

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

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.