PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by IPG Investment Advisors LLC

IPG Investment Advisors LLC decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 70.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,244 shares of the credit services provider's stock after selling 10,193 shares during the period. IPG Investment Advisors LLC's holdings in PayPal were worth $362,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PYPL. Park Place Capital Corp lifted its holdings in PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after purchasing an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. JFS Wealth Advisors LLC grew its position in PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after acquiring an additional 125 shares during the last quarter. Wynn Capital LLC grew its holdings in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after purchasing an additional 130 shares during the last quarter. Finally, Avalon Trust Co boosted its position in PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after buying an additional 135 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company's stock.

PayPal Stock Performance

NASDAQ:PYPL traded up $0.10 during trading hours on Monday, hitting $65.25. 11,545,416 shares of the company were exchanged, compared to its average volume of 11,226,606. PayPal Holdings, Inc. has a 52-week low of $56.97 and a 52-week high of $93.66. The company's 50 day moving average price is $76.28 and its 200-day moving average price is $80.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $64.55 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company's revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 earnings per share. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of analyst reports. Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price for the company in a report on Friday, December 13th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. StockNews.com cut shares of PayPal from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Barclays boosted their price objective on shares of PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $89.40.

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.