Sheaff Brock Investment Advisors LLC Has $1.33 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Sheaff Brock Investment Advisors LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,441 shares of the credit services provider’s stock after selling 536 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in PayPal were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new position in PayPal during the 4th quarter worth approximately $25,000. Hurley Capital LLC bought a new position in PayPal during the 4th quarter worth approximately $27,000. Garde Capital Inc. acquired a new stake in PayPal during the 1st quarter worth approximately $28,000. Tsfg LLC raised its holdings in PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock worth $29,000 after buying an additional 200 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new stake in PayPal during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Activity

In related news, Director Deborah M. Messemer sold 3,795 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director directly owned 13,976 shares of the company’s stock, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the sale, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock valued at $863,028 in the last ninety days. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on PYPL shares. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a report on Monday, July 14th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, April 30th. Monness Crespi & Hardt dropped their target price on shares of PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of PayPal in a report on Thursday, July 17th. They set a “hold” rating and a $75.00 target price on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $88.00 target price on shares of PayPal in a report on Thursday, June 26th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $83.13.

PayPal Stock Performance

NASDAQ PYPL opened at $78.22 on Tuesday. The stock has a market capitalization of $76.07 billion, a PE ratio of 17.50, a P/E/G ratio of 1.28 and a beta of 1.45. The business has a 50 day simple moving average of $73.31 and a two-hundred day simple moving average of $72.69. 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 released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.08 EPS. On average, 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.