Weatherly Asset Management L. P. Has $3.79 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Weatherly Asset Management L. P. lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,707 shares of the credit services provider’s stock after selling 2,922 shares during the quarter. Weatherly Asset Management L. P.’s holdings in PayPal were worth $3,789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of PayPal in the fourth quarter valued at approximately $25,000. Sutton Wealth Advisors Inc. boosted its holdings in shares of PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after buying an additional 237 shares during the period. BluePath Capital Management LLC bought a new stake in shares of PayPal in the third quarter worth $33,000. Beacon Capital Management LLC lifted its position in shares of PayPal by 58.6% in the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 225 shares in the last quarter. Finally, Criterion Capital Advisors LLC bought a new stake in shares of PayPal in the fourth quarter worth $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

PayPal stock traded up $1.24 during trading hours on Tuesday, reaching $64.43. 9,897,597 shares of the stock were exchanged, compared to its average volume of 16,395,941. The stock has a 50 day moving average of $62.40 and a two-hundred day moving average of $60.00. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The company has a market cap of $67.82 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the company posted $1.01 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post 4.04 EPS for the current fiscal year.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on PYPL. Sanford C. Bernstein boosted their price objective on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Susquehanna boosted their price objective on shares of PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Monness Crespi & Hardt cut their price objective on shares of PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. Finally, Wedbush reissued an “outperform” rating and issued a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, PayPal currently has an average rating of “Hold” and a consensus price target of $70.47.

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.