PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,150 shares of the credit services provider’s stock after selling 200 shares during the period. Vanguard Capital Wealth Advisors’ holdings in PayPal were worth $562,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of PayPal during the fourth quarter worth $25,000. Sutton Wealth Advisors Inc. boosted its position in PayPal by 115.0% during 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 during the last quarter. BluePath Capital Management LLC acquired a new stake in shares of PayPal in the third quarter worth about $33,000. Beacon Capital Management LLC lifted its position 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 worth $36,000 after buying an additional 225 shares during the last quarter. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of PayPal in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PYPL. Oppenheimer reiterated a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. JMP Securities boosted their price target on PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 17th. Argus downgraded PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price objective on shares of PayPal in a report on Thursday, February 8th. Finally, Monness Crespi & Hardt lifted their price objective on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday. Twenty-four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $70.72.

PayPal Price Performance

PayPal stock traded up $0.93 during mid-day trading on Tuesday, reaching $67.92. The company had a trading volume of 43,146,336 shares, compared to its average volume of 16,583,006. 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 current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The company has a market cap of $71.50 billion, a P/E ratio of 17.71, a P/E/G ratio of 1.23 and a beta of 1.45. The business has a fifty day simple moving average of $63.03 and a 200 day simple moving average of $60.27.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The business’s quarterly revenue was up 9.4% 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 year.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on Friday, March 1st. The shares were 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 in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is owned by company 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.