Successful Portfolios LLC Has $352,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Successful Portfolios LLC cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,259 shares of the credit services provider’s stock after selling 180 shares during the quarter. Successful Portfolios LLC’s holdings in PayPal were worth $352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of PayPal in the 4th quarter valued at about $25,000. American National Bank acquired a new position in shares of PayPal in the 1st quarter valued at about $27,000. Private Wealth Management Group LLC acquired a new position in shares of PayPal in the 4th quarter valued at about $29,000. Register Financial Advisors LLC acquired a new position in shares of PayPal in the 1st quarter valued at about $30,000. Finally, Spartan Planning & Wealth Management lifted its stake in shares of PayPal by 13,625.0% in the 4th quarter. Spartan Planning & Wealth Management now owns 549 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 545 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

NASDAQ PYPL opened at $58.03 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s 50 day moving average price is $63.18 and its 200-day moving average price is $62.43. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54. The company has a market cap of $60.70 billion, a PE ratio of 14.62, a P/E/G ratio of 0.95 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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 business had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. PayPal’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 earnings per share. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.14 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

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

Analysts Set New Price Targets

A number of brokerages recently commented on PYPL. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $84.00 target price on shares of PayPal in a research report on Friday. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. New Street Research assumed coverage on PayPal in a report on Friday, May 31st. They set a “buy” rating and a $80.00 price objective for the company. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Tuesday, April 30th. Finally, UBS Group boosted their price objective on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Twenty-one analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $73.64.

PayPal 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.