Wiley BROS. Aintree Capital LLC Sells 732 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Wiley BROS. Aintree Capital LLC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) by 14.4% during the 4th quarter, Holdings Channel reports. The fund owned 4,368 shares of the credit services provider’s stock after selling 732 shares during the period. Wiley BROS. Aintree Capital LLC’s holdings in PayPal were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of PayPal by 12.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock worth $144,215,000 after purchasing an additional 138,875 shares in the last quarter. Dakota Wealth Management increased its stake in shares of PayPal by 8.6% in the first quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock worth $566,000 after purchasing an additional 387 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of PayPal by 15.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock worth $793,000 after purchasing an additional 918 shares in the last quarter. Covestor Ltd increased its stake in shares of PayPal by 136.1% in the first quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 769 shares in the last quarter. Finally, Donaldson Capital Management LLC increased its stake in shares of PayPal by 5.3% in the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock worth $358,000 after purchasing an additional 155 shares in the last quarter. 72.12% of the stock is currently owned by institutional investors.

PayPal Price Performance

PayPal stock opened at $72.99 on Friday. The firm has a 50-day moving average price of $77.66 and a 200-day moving average price of $80.97. The firm has a market capitalization of $82.58 billion, a PE ratio of 34.76, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. PayPal Holdings, Inc. has a 12-month low of $66.39 and a 12-month high of $122.92.

PayPal (NASDAQ:PYPL – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The credit services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. PayPal had a net margin of 8.79% and a return on equity of 17.48%. The company had revenue of $7.38 billion during the quarter, compared to analyst estimates of $7.39 billion. During the same quarter last year, the business posted $0.92 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 3.82 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on PYPL shares. BMO Capital Markets reduced their price objective on shares of PayPal from $117.00 to $108.00 and set an “outperform” rating for the company in a research note on Monday, February 13th. Truist Financial raised shares of PayPal from a “hold” rating to a “buy” rating and increased their price objective for the stock from $75.00 to $95.00 in a research note on Tuesday, January 3rd. Jefferies Financial Group cut their target price on shares of PayPal from $90.00 to $85.00 and set a “hold” rating for the company in a research note on Wednesday, January 18th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $160.00 target price on shares of PayPal in a research note on Friday, February 10th. Finally, Raymond James cut shares of PayPal from an “outperform” rating to a “market perform” rating in a research note on Monday, February 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $108.42.

Insider Activity at PayPal

In related news, CEO Daniel H. Schulman acquired 26,065 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The stock was bought at an average price of $76.17 per share, for a total transaction of $1,985,371.05. Following the acquisition, the chief executive officer now directly owns 395,351 shares of the company’s stock, valued at approximately $30,113,885.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

PayPal Profile

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PayPal Holdings, Inc engages in the development of technology platforms for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.