PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by MONECO Advisors LLC

MONECO Advisors LLC trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,823 shares of the credit services provider’s stock after selling 564 shares during the quarter. MONECO Advisors LLC’s holdings in PayPal were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in PayPal by 11.1% during the fourth quarter. International Assets Investment Management LLC now owns 10,716 shares of the credit services provider’s stock valued at $658,000 after purchasing an additional 1,073 shares during the period. SVB Wealth LLC grew its holdings in PayPal by 15.2% during the fourth quarter. SVB Wealth LLC now owns 13,985 shares of the credit services provider’s stock worth $859,000 after acquiring an additional 1,846 shares during the period. Federated Hermes Inc. raised its position in PayPal by 46.3% during the fourth quarter. Federated Hermes Inc. now owns 867,561 shares of the credit services provider’s stock valued at $53,277,000 after acquiring an additional 274,443 shares in the last quarter. Western Wealth Management LLC grew its stake in shares of PayPal by 84.0% during the 4th quarter. Western Wealth Management LLC now owns 16,530 shares of the credit services provider’s stock worth $1,015,000 after purchasing an additional 7,547 shares during the period. Finally, Fidelis Capital Partners LLC lifted its stake in shares of PayPal by 11.1% in the 4th quarter. Fidelis Capital Partners LLC now owns 5,531 shares of the credit services provider’s stock valued at $340,000 after purchasing an additional 552 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on PYPL. Canaccord Genuity Group restated a “buy” rating and set a $80.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $68.00 to $72.00 in a report on Friday, August 9th. The Goldman Sachs Group restated a “neutral” rating and issued a $69.00 price objective on shares of PayPal in a research report on Monday, June 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $84.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Finally, Sanford C. Bernstein raised shares of PayPal from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $71.00 to $78.00 in a research note on Wednesday, July 31st. Seventeen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average target price of $75.25.

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction on Friday, May 24th. The stock was 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 directly owns 13,976 shares in the company, valued at $861,620.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $69.43 on Tuesday. The business’s fifty day moving average price is $61.27 and its 200 day moving average price is $62.42. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $70.66. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $70.98 billion, a PE ratio of 17.49, a P/E/G ratio of 0.94 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. The business had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

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.