Weatherly Asset Management L. P. Sells 2,922 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Weatherly Asset Management L. P. trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor 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 large investors also recently bought and sold shares of the business. Hartford Financial Management Inc. increased its holdings in PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after buying an additional 163 shares in the last quarter. Pine Haven Investment Counsel Inc increased its holdings in PayPal by 3.7% in the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after buying an additional 170 shares in the last quarter. Brooks Moore & Associates Inc. grew its stake in shares of PayPal by 1.3% during the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after purchasing an additional 180 shares during the period. Waldron Private Wealth LLC grew its stake in shares of PayPal by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after purchasing an additional 182 shares during the period. Finally, New World Advisors LLC grew its stake in shares of PayPal by 2.9% during the 4th quarter. New World Advisors LLC now owns 6,586 shares of the credit services provider’s stock valued at $404,000 after purchasing an additional 185 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PYPL has been the subject of a number of recent research reports. Mizuho cut their price target on PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Argus downgraded PayPal from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. William Blair restated an “outperform” rating on shares of PayPal in a research note on Thursday, February 8th. Monness Crespi & Hardt cut their price target on PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Stephens restated an “equal weight” rating and set a $70.00 price target on shares of PayPal in a research note on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $70.47.

PayPal Price Performance

Shares of PYPL traded up $1.24 during mid-day trading on Tuesday, hitting $64.43. 9,897,597 shares of the stock were exchanged, compared to its average volume of 16,395,941. The company has a market cap of $67.82 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a 50-day moving average of $62.40 and a two-hundred day moving average of $60.00. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54.

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

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

About PayPal

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.