Martin Capital Advisors LLP Sells 237 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Martin Capital Advisors LLP lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,859 shares of the credit services provider’s stock after selling 237 shares during the quarter. Martin Capital Advisors LLP’s holdings in PayPal were worth $605,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. John G Ullman & Associates Inc. raised its position in PayPal by 19.5% during the fourth quarter. John G Ullman & Associates Inc. now owns 39,285 shares of the credit services provider’s stock worth $2,412,000 after acquiring an additional 6,400 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of PayPal by 2.4% during the 4th quarter. Resonant Capital Advisors LLC now owns 28,644 shares of the credit services provider’s stock worth $1,759,000 after acquiring an additional 668 shares during the period. Institute for Wealth Management LLC. lifted its holdings in PayPal by 4.7% during the 4th quarter. Institute for Wealth Management LLC. now owns 38,330 shares of the credit services provider’s stock valued at $2,354,000 after purchasing an additional 1,722 shares during the last quarter. Lafayette Investments Inc. lifted its stake in shares of PayPal by 12.6% during the 4th quarter. Lafayette Investments Inc. now owns 46,005 shares of the credit services provider’s stock worth $2,825,000 after buying an additional 5,154 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its stake in PayPal by 11.1% in the 4th quarter. Fidelis Capital Partners LLC now owns 5,531 shares of the credit services provider’s stock valued at $340,000 after buying an additional 552 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

PYPL traded up $0.21 during trading on Friday, reaching $62.31. The company’s stock had a trading volume of 13,118,966 shares, compared to its average volume of 16,569,004. The firm has a fifty day simple moving average of $62.27 and a two-hundred day simple moving average of $59.90. The company has a market cap of $65.59 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.44 and a beta of 1.45. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 earnings per share. As a group, analysts anticipate that PayPal Holdings, Inc. will post 3.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Monness Crespi & Hardt decreased their price objective on PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. UBS Group raised their price objective on PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, PayPal has a consensus rating of “Hold” and a consensus target price of $70.47.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now 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 SEC, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

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.