Avalon Trust Co Has $164,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Avalon Trust Co lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,673 shares of the credit services provider’s stock after selling 500 shares during the period. Avalon Trust Co’s holdings in PayPal were worth $164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in PayPal in the 4th quarter valued at about $25,000. Sutton Wealth Advisors Inc. increased its stake in PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 237 shares in the last quarter. BluePath Capital Management LLC acquired a new position in PayPal during the third quarter worth $33,000. Beacon Capital Management LLC lifted its stake in shares of PayPal by 58.6% in the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after buying an additional 225 shares in the last quarter. Finally, Criterion Capital Advisors LLC acquired a new position in shares of PayPal during the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

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

PayPal Stock Down 1.9 %

NASDAQ:PYPL traded down $1.28 during trading hours on Friday, reaching $65.70. 15,435,157 shares of the company traded hands, compared to its average volume of 12,651,739. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The stock has a market capitalization of $68.73 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.20 and a beta of 1.41. The business’s 50-day moving average price is $63.69 and its two-hundred day moving average price is $60.56. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47.

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

Wall Street Analyst Weigh In

PYPL has been the subject of a number of analyst reports. StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a research note on Wednesday. Citigroup decreased their price objective on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Sanford C. Bernstein boosted their target price on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of PayPal in a research report on Thursday, February 8th. Finally, Stephens raised their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Hold” and an average price target of $72.73.

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.