PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 12.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,992 shares of the credit services provider’s stock after selling 2,955 shares during the quarter. Schechter Investment Advisors LLC’s holdings in PayPal were worth $1,228,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PYPL. Sutton Wealth Advisors Inc. raised its stake in shares of PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 237 shares in the last quarter. PCA Investment Advisory Services Inc. acquired a new stake in shares of PayPal in the 2nd quarter valued at about $27,000. Resurgent Financial Advisors LLC acquired a new stake in shares of PayPal in the 4th quarter valued at about $29,000. BluePath Capital Management LLC acquired a new stake in shares of PayPal in the 3rd quarter valued at about $33,000. Finally, Beacon Capital Management LLC raised its stake in shares of PayPal by 58.6% in the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. UBS Group boosted their price objective on shares of PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Wells Fargo & Company boosted 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. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. Finally, 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. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $70.47.

PayPal Stock Down 0.1 %

Shares of NASDAQ:PYPL opened at $66.57 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $71.35 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $77.95. The firm has a 50 day simple moving average of $61.32 and a 200 day simple moving average of $59.36.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.01 EPS. As a group, research analysts expect that PayPal Holdings, Inc. will post 3.95 earnings per share for the current year.

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.