Evanson Asset Management LLC Sells 300 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Evanson Asset Management LLC lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,128 shares of the credit services provider’s stock after selling 300 shares during the quarter. Evanson Asset Management LLC’s holdings in PayPal were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PYPL. VitalStone Financial LLC boosted its holdings in PayPal by 4,514.3% in the first quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider’s stock valued at $75,000 after acquiring an additional 316 shares during the last quarter. SkyView Investment Advisors LLC increased its holdings in PayPal by 146.5% in the second quarter. SkyView Investment Advisors LLC now owns 382 shares of the credit services provider’s stock worth $73,000 after purchasing an additional 227 shares in the last quarter. PCA Investment Advisory Services Inc. acquired a new position in PayPal in the second quarter valued at approximately $27,000. Resurgent Financial Advisors LLC acquired a new position in PayPal during the fourth quarter worth $29,000. Finally, Sutton Wealth Advisors Inc. lifted its stake in shares of PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after buying an additional 237 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 0.6 %

NASDAQ PYPL traded up $0.42 during trading hours on Thursday, reaching $66.99. 10,765,398 shares of the company’s stock traded hands, compared to its average volume of 18,348,646. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $77.95. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50-day simple moving average of $61.46 and a 200 day simple moving average of $59.41. The firm has a market cap of $71.80 billion, a PE ratio of 17.45, a PEG ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

PYPL has been the subject of several analyst reports. Argus downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Daiwa Capital Markets cut shares of PayPal from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $64.00 to $62.00 in a research note on Tuesday, February 13th. JMP Securities reissued a “market outperform” rating and set a $68.00 target price on shares of PayPal in a research report on Thursday, February 8th. Susquehanna lifted their price target on shares of PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Monness Crespi & Hardt reduced their price objective on PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.47.

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.