Sei Investments Co. Cuts Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sei Investments Co. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 858,032 shares of the credit services provider’s stock after selling 53,637 shares during the period. Sei Investments Co. owned approximately 0.08% of PayPal worth $52,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of PayPal during the fourth quarter worth $25,000. Private Wealth Management Group LLC purchased a new position in shares of PayPal in the 4th quarter valued at about $29,000. EdgeRock Capital LLC purchased a new position in shares of PayPal in the 4th quarter valued at about $36,000. Criterion Capital Advisors LLC acquired a new position in shares of PayPal during the fourth quarter worth about $37,000. Finally, Beacon Capital Management LLC increased its stake in shares of PayPal by 58.6% during the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after buying an additional 225 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction dated 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 in the company, valued at $861,620.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on PYPL shares. Mizuho raised PayPal from a “neutral” rating to a “buy” rating and increased their target price for the company from $68.00 to $90.00 in a report on Thursday, May 30th. Citigroup boosted their target price on PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday. Evercore ISI increased their price target on shares of PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Wednesday, May 1st. Robert W. Baird boosted their price objective on shares of PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, JMP Securities increased their target price on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Twenty-two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.64.

Get Our Latest Analysis on PYPL

PayPal Trading Down 0.3 %

Shares of PYPL stock opened at $67.09 on Tuesday. The firm’s 50-day simple moving average is $64.41 and its 200-day simple moving average is $62.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The firm has a market cap of $70.18 billion, a P/E ratio of 16.90, a PEG ratio of 1.10 and a beta of 1.43.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the prior year, the business earned $0.86 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

PayPal Company Profile

(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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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