Arcadia Investment Management Corp MI Sells 8,220 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Arcadia Investment Management Corp MI lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 67.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,981 shares of the credit services provider’s stock after selling 8,220 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in PayPal were worth $244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Hartford Financial Management Inc. increased its position in PayPal by 18.8% during the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after purchasing an additional 163 shares during the period. Pine Haven Investment Counsel Inc grew its holdings in PayPal by 3.7% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after acquiring an additional 170 shares during the period. Brooks Moore & Associates Inc. raised its position in shares of PayPal by 1.3% in the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock worth $841,000 after acquiring an additional 180 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in shares of PayPal by 1.9% in 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 boosted its position 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 in the last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on PYPL shares. DZ Bank lowered PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research note on Friday, February 9th. JMP Securities boosted their target price on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Stephens raised their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Sanford C. Bernstein upped their price objective on shares of PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. Finally, UBS Group raised their target price on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus price target of $72.73.

Insider Buying and Selling at PayPal

In related 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 value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock traded up $0.64 during trading on Thursday, reaching $64.45. 8,363,010 shares of the company’s stock traded hands, compared to its average volume of 16,278,468. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The company has a market capitalization of $67.42 billion, a P/E ratio of 16.23, a PEG ratio of 1.18 and a beta of 1.41. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average is $64.00 and its 200 day moving average is $60.74.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $7.70 billion for 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%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. Equities research analysts expect that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

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.