Avior Wealth Management LLC Has $1.53 Million Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Avior Wealth Management LLC decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,440 shares of the credit services provider’s stock after selling 1,488 shares during the period. Avior Wealth Management LLC’s holdings in PayPal were worth $1,529,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal in the 4th quarter valued at about $25,000. Hurley Capital LLC bought a new position in PayPal during the fourth quarter worth about $27,000. Bernard Wealth Management Corp. bought a new position in PayPal during the fourth quarter worth about $34,000. Pinney & Scofield Inc. bought a new position in PayPal during the fourth quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in PayPal during the fourth quarter worth about $38,000. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank Of Canada reduced their price target on PayPal from $104.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Wall Street Zen upgraded PayPal from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Wells Fargo & Company cut their price objective on shares of PayPal from $80.00 to $74.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Macquarie cut their price objective on shares of PayPal from $117.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Finally, Monness Crespi & Hardt cut their price objective on shares of PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PayPal has a consensus rating of “Hold” and an average target price of $83.29.

Insider Activity at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction that occurred on Friday, June 6th. The shares were 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. This trade represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Diego Scotti sold 3,839 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the sale, the executive vice president now directly owns 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock valued at $863,028 over the last three months. 0.08% of the stock is owned by insiders.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $70.05 on Friday. The company’s 50 day simple moving average is $68.98 and its 200 day simple moving average is $75.26. The stock has a market capitalization of $68.13 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal 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.