Bigelow Investment Advisors LLC Cuts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Bigelow Investment Advisors LLC lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,934 shares of the credit services provider’s stock after selling 796 shares during the period. Bigelow Investment Advisors LLC’s holdings in PayPal were worth $364,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vestcor Inc boosted its holdings in PayPal by 0.5% in the 4th quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock valued at $1,856,000 after purchasing an additional 140 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in shares of PayPal by 1.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock worth $1,072,000 after acquiring an additional 143 shares during the last quarter. Oxford Financial Group Ltd. lifted its holdings in shares of PayPal by 4.9% in the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock worth $370,000 after acquiring an additional 150 shares during the last quarter. Donaldson Capital Management LLC lifted its holdings in shares of PayPal by 5.3% in the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock worth $358,000 after acquiring an additional 155 shares during the last quarter. Finally, Hartford Financial Management Inc. lifted its holdings in shares of PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after acquiring an additional 163 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Morgan Stanley restated an “equal weight” rating and issued a $66.00 price objective (down from $118.00) on shares of PayPal in a report on Tuesday, January 9th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Sanford C. Bernstein upped their target price on shares of PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a research note on Thursday. Evercore ISI raised their target price on shares of PayPal from $56.00 to $60.00 and gave the company an “in-line” rating in a research note on Tuesday, March 26th. Finally, UBS Group increased their price target on shares of PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, PayPal has an average rating of “Hold” and an average price target of $70.47.

PayPal Price Performance

Shares of NASDAQ:PYPL traded up $0.21 during trading on Friday, reaching $62.31. 12,318,105 shares of the company’s stock traded hands, compared to its average volume of 16,569,328. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. 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 firm has a market cap of $65.59 billion, a PE ratio of 16.20, a P/E/G ratio of 1.44 and a beta of 1.45. The company has a 50-day simple moving average of $62.27 and a 200-day simple moving average of $59.90.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the firm earned $1.01 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, analysts predict that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’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 directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

PayPal Company 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.