Vickerman Investment Advisors Inc. Sells 6,340 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Vickerman Investment Advisors Inc. reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,378 shares of the credit services provider's stock after selling 6,340 shares during the period. Vickerman Investment Advisors Inc.'s holdings in PayPal were worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company's stock.

PayPal Stock Up 1.1 %

NASDAQ:PYPL traded up $0.78 during trading hours on Monday, reaching $70.97. The company's stock had a trading volume of 9,903,749 shares, compared to its average volume of 10,918,399. 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 company has a market cap of $70.21 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66. The business's 50-day moving average is $77.93 and its 200-day moving average is $80.91.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) 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 company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the company posted $1.48 EPS. The firm's revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company reissued an "equal weight" rating on shares of PayPal in a research note on Wednesday, February 5th. Piper Sandler reduced their target price on PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Morgan Stanley lifted their price target on PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Finally, BTIG Research reiterated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.03.

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.