PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,904 shares of the credit services provider’s stock after selling 6,889 shares during the period. Avantax Advisory Services Inc.’s holdings in PayPal were worth $1,468,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in PayPal in the 4th quarter valued at $25,000. Sutton Wealth Advisors Inc. raised its holdings in shares of PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after buying an additional 237 shares during the last quarter. Beacon Capital Management LLC raised its holdings in shares of PayPal by 58.6% in the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after buying an additional 225 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of PayPal during the fourth quarter worth about $36,000. Finally, Criterion Capital Advisors LLC purchased a new position in shares of PayPal during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Tuesday, April 30th. BMO Capital Markets upped their price target on PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein increased their price target on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Stephens boosted their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Finally, William Blair restated an “outperform” rating on shares of PayPal in a research note on Thursday, February 8th. Twenty-two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, PayPal presently has a consensus rating of “Hold” and a consensus target price of $72.73.

Check Out Our Latest Analysis on PayPal

PayPal Stock Performance

NASDAQ PYPL opened at $64.48 on Friday. The business’s 50-day moving average price is $64.68 and its 200 day moving average price is $61.33. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a market capitalization of $67.45 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.41.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, research analysts predict that PayPal Holdings, Inc. will post 4.13 earnings per share for the current year.

Insider Buying and Selling at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the 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 transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.

PayPal Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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