Advisors Asset Management Inc. Sells 4,025 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Advisors Asset Management Inc. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 266,709 shares of the credit services provider’s stock after selling 4,025 shares during the period. Advisors Asset Management Inc.’s holdings in PayPal were worth $22,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of PYPL. Park Place Capital Corp increased its holdings in PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after buying an additional 116 shares during the period. Rosenberg Matthew Hamilton increased its holdings 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 buying an additional 125 shares during the period. JFS Wealth Advisors LLC increased 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 valued at $43,000 after buying an additional 125 shares during the period. Wynn Capital LLC increased 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 valued at $983,000 after buying an additional 130 shares during the period. Finally, Avalon Trust Co increased its holdings in PayPal by 7.0% during the fourth 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. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on PYPL. Piper Sandler cut their price target on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Friday, February 28th. Susquehanna lifted their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average price target of $90.03.

PayPal Stock Up 1.0 %

PYPL opened at $69.65 on Tuesday. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a fifty day moving average of $79.56 and a two-hundred day moving average of $80.99. The stock has a market capitalization of $68.90 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last released 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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company 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 company earned $1.48 earnings per share. The firm’s revenue for the quarter 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 other news, Director Gail J. Mcgovern sold 2,446 shares of the business’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 owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate 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.