IMA Wealth Inc. Has $424,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

IMA Wealth Inc. lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,902 shares of the credit services provider’s stock after selling 745 shares during the quarter. IMA Wealth Inc.’s holdings in PayPal were worth $424,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of PayPal in the 4th quarter valued at $25,000. Sutton Wealth Advisors Inc. lifted its stake in shares of PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 237 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of PayPal in the 3rd quarter valued at $33,000. Beacon Capital Management LLC lifted its stake in shares of PayPal by 58.6% in the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 225 shares during the last quarter. Finally, Criterion Capital Advisors LLC bought a new position in shares of PayPal in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded up $1.86 during mid-day trading on Friday, reaching $65.96. The company had a trading volume of 14,190,444 shares, compared to its average volume of 9,031,016. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The firm has a market cap of $69.43 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.19 and a beta of 1.45. The company’s 50-day moving average price is $62.87 and its 200-day moving average price is $60.16. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. As a group, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now 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 available at the SEC website. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. JMP Securities raised their target price on PayPal from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 17th. Monness Crespi & Hardt lowered their target price on PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Oppenheimer reiterated a “market perform” rating on shares of PayPal in a report on Thursday, January 25th. Finally, Susquehanna increased their price target on PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $70.47.

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.