IPG Investment Advisors LLC Sells 10,193 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

IPG Investment Advisors LLC reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 70.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,244 shares of the credit services provider's stock after selling 10,193 shares during the quarter. IPG Investment Advisors LLC's holdings in PayPal were worth $362,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal in the third quarter worth $26,000. Rosenberg Matthew Hamilton lifted its stake in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after acquiring an additional 272 shares during the period. Legacy Investment Solutions LLC purchased a new stake in PayPal during the 3rd quarter valued at about $36,000. Finally, Modus Advisors LLC bought a new position in PayPal during the 4th quarter worth approximately $37,000. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent research reports. Robert W. Baird dropped their price objective on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. BTIG Research reissued a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Keefe, Bruyette & Woods decreased their price objective on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday. Macquarie increased their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Susquehanna boosted their price target on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a report on Monday, January 6th. Sixteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $89.40.

PayPal Stock Up 1.9 %

NASDAQ PYPL traded up $1.26 during mid-day trading on Wednesday, reaching $67.36. The stock had a trading volume of 3,528,614 shares, compared to its average volume of 11,189,645. The company has a fifty day moving average price of $75.28 and a 200 day moving average price of $80.83. 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 1 year low of $56.97 and a 1 year high of $93.66. The stock has a market cap of $66.64 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. The company's revenue was up 4.2% on a year-over-year basis. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company's stock.

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.