E Fund Management Co. Ltd. Sells 1,337 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

E Fund Management Co. Ltd. decreased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,735 shares of the credit services provider’s stock after selling 1,337 shares during the quarter. E Fund Management Co. Ltd.’s holdings in PayPal were worth $659,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in PayPal during the fourth quarter valued at approximately $25,000. Sutton Wealth Advisors Inc. lifted its holdings in shares of 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 buying an additional 237 shares during the period. EdgeRock Capital LLC purchased a new position in shares of PayPal in the 4th quarter worth $36,000. Criterion Capital Advisors LLC bought a new stake in shares of PayPal in the fourth quarter worth $37,000. Finally, Beacon Capital Management LLC increased its position in PayPal by 58.6% during the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 3.2 %

PYPL traded down $2.11 during trading on Wednesday, hitting $63.81. 11,175,602 shares of the stock were exchanged, compared to its average volume of 16,367,253. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The firm has a market cap of $66.75 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 1.18 and a beta of 1.41. The firm has a 50 day simple moving average of $63.93 and a 200 day simple moving average of $60.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share 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 analysts’ expectations of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. PayPal’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 EPS. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

Insider Activity at PayPal

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. TD Cowen increased their target price on shares of PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. William Blair reaffirmed an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Tuesday, April 30th. Finally, Royal Bank of Canada upped their price objective on PayPal from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Twenty-five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, PayPal has a consensus rating of “Hold” and an average target price of $72.73.

PayPal Company 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.