PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,185 shares of the credit services provider’s stock after selling 854 shares during the period. J.W. Cole Advisors Inc.’s holdings in PayPal were worth $564,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Hartford Financial Management Inc. increased its stake in shares of PayPal by 18.8% during the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after purchasing an additional 163 shares in the last quarter. Pine Haven Investment Counsel Inc grew its stake in PayPal by 3.7% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after acquiring an additional 170 shares in the last quarter. Brooks Moore & Associates Inc. grew its stake in PayPal by 1.3% during the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after acquiring an additional 180 shares in the last quarter. Waldron Private Wealth LLC grew its stake in PayPal by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after acquiring an additional 182 shares in the last quarter. Finally, New World Advisors LLC grew its stake in PayPal by 2.9% during the 4th quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock valued at $404,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the subject of several analyst reports. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Friday, January 5th. Wedbush reissued an “outperform” rating and issued a $85.00 price target on shares of PayPal in a research note on Thursday, February 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price target on shares of PayPal in a research note on Thursday, March 21st. Citigroup dropped their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Daiwa Capital Markets cut shares of PayPal from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $64.00 to $62.00 in a research note on Tuesday, February 13th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average price target of $70.47.

PayPal Stock Performance

PYPL stock opened at $63.19 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $66.52 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.38 and a beta of 1.45. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $76.54. The firm has a 50 day moving average of $62.40 and a two-hundred day moving average of $60.00.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. The company 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 company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.01 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.04 EPS for the current fiscal year.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction 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 completion of the sale, 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 legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by 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.