PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Decreased by EP Wealth Advisors LLC

EP Wealth Advisors LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,978 shares of the credit services provider’s stock after selling 966 shares during the quarter. EP Wealth Advisors LLC’s holdings in PayPal were worth $668,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CreativeOne Wealth LLC acquired a new stake in shares of PayPal during the first quarter worth approximately $429,000. Delap Wealth Advisory LLC acquired a new stake in PayPal in the first quarter valued at approximately $433,000. EntryPoint Capital LLC raised its position in PayPal by 158.0% during the 1st quarter. EntryPoint Capital LLC now owns 3,604 shares of the credit services provider’s stock worth $241,000 after purchasing an additional 2,207 shares during the last quarter. Vident Advisory LLC increased its holdings in PayPal by 1.2% in the first quarter. Vident Advisory LLC now owns 300,434 shares of the credit services provider’s stock worth $20,126,000 after purchasing an additional 3,459 shares in the last quarter. Finally, Fayez Sarofim & Co raised its position in shares of PayPal by 7.9% during the first quarter. Fayez Sarofim & Co now owns 4,021 shares of the credit services provider’s stock worth $269,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on PYPL. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Tuesday, April 30th. BMO Capital Markets lifted their target price on shares of PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a research report on Wednesday, May 1st. Wells Fargo & Company boosted their target price on PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Robert W. Baird boosted their price objective on PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, TD Cowen upped their price target on shares of PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Twenty analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, PayPal has an average rating of “Hold” and a consensus target price of $73.10.

Insider Buying and Selling at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the sale, the director now owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Stock Performance

Shares of PYPL stock traded up $1.07 on Friday, hitting $58.29. The company had a trading volume of 11,249,306 shares, compared to its average volume of 14,355,946. The firm has a market cap of $60.97 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 0.95 and a beta of 1.42. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a 50-day moving average price of $61.10 and a 200-day moving average price of $62.17. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.86 earnings per share. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.15 earnings per share for the current fiscal year.

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.