PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Decreased by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 46.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,478 shares of the credit services provider’s stock after selling 2,138 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in PayPal were worth $152,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of PayPal during the fourth quarter valued at $25,000. Sutton Wealth Advisors Inc. grew its stake in 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 purchasing an additional 237 shares in the last quarter. Private Wealth Management Group LLC purchased a new position in PayPal in the fourth quarter valued at about $29,000. BluePath Capital Management LLC purchased a new position in PayPal in the third quarter valued at about $33,000. Finally, Beacon Capital Management LLC grew its stake in 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 purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

NASDAQ PYPL traded up $1.86 during trading hours on Friday, reaching $65.96. 14,190,444 shares of the company’s stock were exchanged, compared to its average volume of 9,031,016. The stock has a market cap of $69.43 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The firm has a fifty day moving average of $62.87 and a 200-day moving average of $60.19. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping 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 business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the company earned $1.01 EPS. PayPal’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, equities research analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on PYPL shares. JMP Securities boosted their target price on PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 17th. Evercore ISI boosted their price target on PayPal from $56.00 to $60.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 26th. Citigroup reduced their price target on PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Canaccord Genuity Group reduced their price target on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, BMO Capital Markets reduced their price target on PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a research report on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $70.47.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on 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 document filed with the SEC, which can be accessed through this link. 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.