Oppenheimer Asset Management Inc. Sells 1,128 Shares of PayPal Holdings, Inc. $PYPL

Oppenheimer Asset Management Inc. decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 106,991 shares of the credit services provider’s stock after selling 1,128 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in PayPal were worth $7,952,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after acquiring an additional 924 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of PayPal in the fourth quarter worth about $248,000. Transcend Capital Advisors LLC raised its position in PayPal by 41.7% in the 1st quarter. Transcend Capital Advisors LLC now owns 3,522 shares of the credit services provider’s stock worth $230,000 after purchasing an additional 1,037 shares during the last quarter. Joel Isaacson & Co. LLC raised its position in PayPal by 17.1% in the 1st quarter. Joel Isaacson & Co. LLC now owns 10,529 shares of the credit services provider’s stock worth $687,000 after purchasing an additional 1,540 shares during the last quarter. Finally, KBC Group NV raised its position in PayPal by 51.1% in the 1st quarter. KBC Group NV now owns 780,288 shares of the credit services provider’s stock worth $50,913,000 after purchasing an additional 263,718 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Stock Performance

Shares of PYPL stock opened at $70.25 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The stock has a market cap of $67.12 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. The stock has a 50-day moving average of $68.95 and a 200-day moving average of $69.92. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.30 by $0.10. PayPal had a net margin of 14.49% and a return on equity of 25.35%. The firm had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.08 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PYPL shares. Canaccord Genuity Group restated a “buy” rating and set a $96.00 target price on shares of PayPal in a research report on Wednesday, July 30th. KeyCorp reissued a “hold” rating on shares of PayPal in a report on Wednesday, October 22nd. Truist Financial set a $65.00 price objective on PayPal in a report on Friday. JMP Securities dropped their price target on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 30th. Finally, Barclays reissued an “overweight” rating on shares of PayPal in a research note on Tuesday, July 29th. Fifteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $82.46.

Insider Activity at PayPal

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the sale, the insider directly owned 48,483 shares in the company, valued at $3,364,235.37. This represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Chris Natali sold 7,102 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The disclosure for this sale can be found here. Insiders sold a total of 15,102 shares of company stock worth $1,046,607 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

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.