PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Position Lowered by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 28.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,035 shares of the credit services provider’s stock after selling 6,997 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in PayPal were worth $1,108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PYPL. Sapient Capital LLC acquired a new position in shares of PayPal in the 4th quarter valued at $806,000. Louisiana State Employees Retirement System purchased a new stake in shares of PayPal in the 4th quarter valued at approximately $9,267,000. Bartlett & Co. LLC grew its position in PayPal by 8.5% during the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after purchasing an additional 740 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of PayPal by 9.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after purchasing an additional 73,687 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in shares of PayPal by 4.9% during the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock worth $1,183,000 after purchasing an additional 942 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of PYPL traded down $0.61 during trading hours on Monday, hitting $65.09. The stock had a trading volume of 2,043,782 shares, compared to its average volume of 16,397,975. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The stock has a market capitalization of $68.09 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 1.18 and a beta of 1.41. The company’s fifty day moving average is $63.69 and its two-hundred day moving average is $60.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 earnings per share. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on PYPL. JPMorgan Chase & Co. decreased their target price on shares of PayPal from $75.00 to $70.00 and set an “overweight” 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. Evercore ISI raised their price target on PayPal from $60.00 to $65.00 and gave the stock an “in-line” rating in a research note on Wednesday, May 1st. Canaccord Genuity Group lowered their price target on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Wells Fargo & Company boosted their target price on shares of PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 1st. Twenty-five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, PayPal currently has a consensus rating of “Hold” and an average target price of $72.73.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

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.