Boyd Watterson Asset Management LLC OH Reduces Stake in PayPal Holdings, Inc. $PYPL

Boyd Watterson Asset Management LLC OH reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 42.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,906 shares of the credit services provider’s stock after selling 13,461 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in PayPal were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of PayPal by 15.8% in the 1st quarter. AQR Capital Management LLC now owns 3,501,936 shares of the credit services provider’s stock worth $224,001,000 after buying an additional 476,763 shares during the last quarter. Thompson Investment Management Inc. raised its holdings in PayPal by 2.8% in the 2nd quarter. Thompson Investment Management Inc. now owns 154,991 shares of the credit services provider’s stock worth $11,519,000 after purchasing an additional 4,165 shares during the period. Kathmere Capital Management LLC bought a new position in PayPal in the 2nd quarter worth $325,000. Allianz SE raised its holdings in PayPal by 281.8% in the 1st quarter. Allianz SE now owns 30,338 shares of the credit services provider’s stock worth $1,980,000 after purchasing an additional 22,392 shares during the period. Finally, Nuveen LLC bought a new position in PayPal in the 1st quarter worth $529,264,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the sale, the insider directly owned 48,483 shares of the company’s stock, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Chris Natali sold 7,102 shares of PayPal stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,102 shares of company stock valued at $1,046,607. 0.08% of the stock is currently owned by insiders.

PayPal Price Performance

NASDAQ:PYPL opened at $70.25 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The business’s 50-day simple moving average is $68.95 and its two-hundred day simple moving average is $69.92. The stock has a market cap of $67.12 billion, a PE ratio of 15.01, a P/E/G ratio of 1.08 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 25.35% and a net margin of 14.49%.The firm had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.08 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley reaffirmed a “positive” rating on shares of PayPal in a report on Wednesday, July 30th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $96.00 target price on shares of PayPal in a report on Wednesday, July 30th. BMO Capital Markets reaffirmed a “market perform” rating on shares of PayPal in a report on Tuesday, July 29th. Macquarie reaffirmed an “outperform” rating and issued a $95.00 target price on shares of PayPal in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group set a $70.00 price target on PayPal and gave the company a “sell” rating in a report on Monday, October 13th. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, PayPal currently has a consensus rating of “Hold” and an average price target of $82.46.

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.