EP Wealth Advisors LLC Sells 247 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

EP Wealth Advisors LLC decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,459 shares of the credit services provider’s stock after selling 247 shares during the quarter. EP Wealth Advisors LLC’s holdings in PayPal were worth $807,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in shares of PayPal in the 4th quarter worth approximately $1,086,508,000. Capital Research Global Investors lifted its position in PayPal by 108.2% in the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock worth $1,529,823,000 after purchasing an additional 9,313,783 shares during the period. Artisan Partners Limited Partnership boosted its stake in PayPal by 284.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock worth $666,100,000 after buying an additional 5,772,198 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after buying an additional 2,689,162 shares during the period. Finally, FMR LLC lifted its holdings in shares of PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock worth $1,615,134,000 after acquiring an additional 2,161,582 shares during the period. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PYPL. Compass Point assumed coverage on shares of PayPal in a research note on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 target price on the stock. Barclays dropped their target price on PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, April 30th. Finally, Bank of America decreased their price objective on shares of PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $83.68.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

PayPal Stock Down 0.3 %

Shares of PayPal stock opened at $70.26 on Friday. The business has a fifty day simple moving average of $65.65 and a 200 day simple moving average of $77.70. The stock has a market cap of $68.33 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same period in the prior year, the business posted $1.08 EPS. PayPal’s revenue was up 1.2% on a year-over-year basis. Research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.