Focus Partners Advisor Solutions LLC Cuts Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Focus Partners Advisor Solutions LLC lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,770 shares of the credit services provider’s stock after selling 794 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in PayPal were worth $578,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PYPL. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal during the fourth quarter valued at $25,000. Hurley Capital LLC purchased a new position in shares of PayPal during the fourth quarter valued at $27,000. Bernard Wealth Management Corp. bought a new stake in PayPal during the fourth quarter valued at about $37,000. Crowley Wealth Management Inc. bought a new stake in PayPal during the fourth quarter valued at about $39,000. Finally, Bank of Jackson Hole Trust bought a new stake in PayPal during the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PYPL shares. Monness Crespi & Hardt dropped their price objective on PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada dropped their price objective on PayPal from $104.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, Robert W. Baird raised their price objective on PayPal from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $83.68.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

PayPal Trading Down 2.2%

PayPal stock opened at $69.85 on Friday. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a market capitalization of $67.93 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The stock has a 50-day moving average price of $66.28 and a 200 day moving average price of $77.16. 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 (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (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 the consensus estimate of $7.84 billion. During the same period in the previous year, the company posted $1.08 earnings per share. PayPal’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts anticipate 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.