PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 26.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,343 shares of the credit services provider’s stock after selling 1,556 shares during the period. Belpointe Asset Management LLC’s holdings in PayPal were worth $267,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Hartford Financial Management Inc. raised its position in shares of PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after purchasing an additional 163 shares in the last quarter. Pine Haven Investment Counsel Inc raised its position in shares of PayPal by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after purchasing an additional 170 shares in the last quarter. Brooks Moore & Associates Inc. raised its position in shares of PayPal by 1.3% in the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after purchasing an additional 180 shares in the last quarter. Waldron Private Wealth LLC raised its position in shares of PayPal by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after acquiring an additional 182 shares in the last quarter. Finally, New World Advisors LLC raised its position in shares of PayPal by 2.9% during the 4th quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock valued at $404,000 after acquiring an additional 185 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on PYPL. Monness Crespi & Hardt upped their price target on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, April 29th. DZ Bank lowered PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research report on Friday, February 9th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Tuesday, April 30th. Evercore ISI upped their price target on PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Wednesday, May 1st. Finally, Mizuho raised PayPal from a “neutral” rating to a “buy” rating and upped their price target for the company from $68.00 to $90.00 in a research report on Thursday, May 30th. Twenty-one investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $73.59.

Read Our Latest Stock Report on PYPL

PayPal Trading Up 0.4 %

Shares of PayPal stock opened at $67.30 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a market cap of $70.40 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.10 and a beta of 1.43. The business has a fifty day simple moving average of $64.36 and a 200-day simple moving average of $62.11. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the company earned $0.86 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.14 EPS for the current fiscal year.

About PayPal

(Free Report)

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.

Read More

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.