Yousif Capital Management LLC Sells 2,647 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Yousif Capital Management LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 132,661 shares of the credit services provider’s stock after selling 2,647 shares during the quarter. Yousif Capital Management LLC’s holdings in PayPal were worth $8,656,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PYPL. Brighton Jones LLC grew its holdings in shares of PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after buying an additional 924 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of PayPal during the fourth quarter worth about $248,000. Golden State Wealth Management LLC bought a new position in shares of PayPal during the fourth quarter worth about $76,000. Kingsview Wealth Management LLC grew its holdings in shares of PayPal by 23.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 22,646 shares of the credit services provider’s stock worth $1,933,000 after buying an additional 4,328 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in shares of PayPal by 2.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 10,484 shares of the credit services provider’s stock worth $895,000 after buying an additional 263 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 3,795 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director now directly owns 13,976 shares of the company’s stock, valued at $1,020,248. The trade was a 21.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diego Scotti sold 3,839 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president now directly owns 16,989 shares in the company, valued at $1,244,274.36. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,796 shares of company stock valued at $863,028. 0.14% of the stock is currently owned by company insiders.

PayPal Trading Up 1.6%

Shares of PYPL opened at $74.76 on Wednesday. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week high of $93.66. The business’s fifty day moving average is $67.23 and its 200-day moving average is $76.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $72.71 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 1.27 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, April 30th. Keefe, Bruyette & Woods reduced their price target on PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. BMO Capital Markets reduced their price target on PayPal from $83.00 to $79.00 and set a “market perform” rating for the company in a research report on Wednesday, April 30th. Macquarie reduced their price target on PayPal from $117.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Finally, Morgan Stanley increased their price target on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 26th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.29.

PayPal Company 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.