Avantax Advisory Services Inc. Sells 1,508 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Avantax Advisory Services Inc. trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,017 shares of the credit services provider’s stock after selling 1,508 shares during the period. Avantax Advisory Services Inc.’s holdings in PayPal were worth $5,635,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jupiter Asset Management Ltd. grew its holdings in shares of PayPal by 174.3% during the fourth quarter. Jupiter Asset Management Ltd. now owns 288,002 shares of the credit services provider’s stock worth $24,581,000 after purchasing an additional 183,023 shares during the last quarter. Great Lakes Advisors LLC grew its holdings in shares of PayPal by 1.0% during the fourth quarter. Great Lakes Advisors LLC now owns 559,324 shares of the credit services provider’s stock worth $47,738,000 after purchasing an additional 5,561 shares during the last quarter. Truvestments Capital LLC grew its holdings in shares of PayPal by 3.9% during the fourth quarter. Truvestments Capital LLC now owns 8,841 shares of the credit services provider’s stock worth $755,000 after purchasing an additional 328 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of PayPal by 12.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 28,738 shares of the credit services provider’s stock worth $2,453,000 after purchasing an additional 3,070 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of PayPal by 0.7% during the fourth quarter. HighTower Advisors LLC now owns 484,724 shares of the credit services provider’s stock worth $41,371,000 after purchasing an additional 3,412 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The stock was 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 of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Barclays increased their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Robert W. Baird decreased their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and raised their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Trading Up 3.0 %

NASDAQ PYPL opened at $68.95 on Friday. The firm has a market cap of $68.21 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 1.52. 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’s 50-day moving average is $79.96 and its 200-day moving average is $80.88. PayPal Holdings, Inc. has a one year low of $56.97 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the firm posted $1.48 earnings per share. PayPal’s revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.