Sentry LLC Sells 2,595 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Sentry LLC reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,371 shares of the credit services provider’s stock after selling 2,595 shares during the period. Sentry LLC’s holdings in PayPal were worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PYPL. Mpwm Advisory Solutions LLC bought a new stake in PayPal during the 4th quarter worth approximately $25,000. Hurley Capital LLC bought a new stake in PayPal during the 4th quarter worth approximately $27,000. Bernard Wealth Management Corp. bought a new stake in PayPal during the 4th quarter worth approximately $34,000. Pinney & Scofield Inc. bought a new stake in PayPal during the 4th quarter worth approximately $35,000. Finally, Fourth Dimension Wealth LLC bought a new stake in PayPal during the 4th quarter worth approximately $38,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $70.83 on Monday. The stock has a market capitalization of $68.88 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.27 and a beta of 1.45. The business has a 50-day moving average of $68.14 and a 200-day moving average of $75.67. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PYPL. Macquarie reduced their price objective on PayPal from $117.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Robert W. Baird upped their price objective on PayPal from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. BMO Capital Markets reduced their price objective on PayPal from $83.00 to $79.00 and set a “market perform” rating on the stock in a report on Wednesday, April 30th. Royal Bank of Canada reduced their price objective on PayPal from $104.00 to $88.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Finally, Piper Sandler cut their price target on PayPal from $76.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $83.29.

Insider Activity at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the sale, the executive vice president now directly owns 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the sale, the director now owns 13,976 shares of the company’s stock, valued at $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,796 shares of company stock worth $863,028. Insiders own 0.08% of the company’s stock.

PayPal Company 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.