Patton Albertson Miller Group LLC Cuts Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Patton Albertson Miller Group LLC trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 31.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,346 shares of the credit services provider’s stock after selling 4,846 shares during the period. Patton Albertson Miller Group LLC’s holdings in PayPal were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Verdence Capital Advisors LLC increased its stake in PayPal by 8.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,926 shares of the credit services provider’s stock valued at $230,000 after purchasing an additional 291 shares in the last quarter. Advisor Partners II LLC raised its stake in PayPal by 17.3% in the 3rd quarter. Advisor Partners II LLC now owns 23,293 shares of the credit services provider’s stock worth $1,362,000 after acquiring an additional 3,428 shares during the last quarter. Graypoint LLC lifted its position in PayPal by 11.9% during the 3rd quarter. Graypoint LLC now owns 9,917 shares of the credit services provider’s stock worth $580,000 after acquiring an additional 1,052 shares during the period. Simmons Bank grew its stake in PayPal by 1.2% during the 3rd quarter. Simmons Bank now owns 29,167 shares of the credit services provider’s stock valued at $1,705,000 after purchasing an additional 358 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of PayPal by 1.7% in the third quarter. TD Asset Management Inc now owns 477,213 shares of the credit services provider’s stock valued at $27,898,000 after purchasing an additional 8,035 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, 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 legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PYPL shares. Monness Crespi & Hardt lifted their target price on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, April 29th. UBS Group increased their price objective on shares of PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Susquehanna boosted their target price on shares of PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Evercore ISI increased their price target on PayPal from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Wednesday, May 1st. Finally, TD Cowen boosted their price objective on PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a report on Wednesday, May 1st. Twenty-five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, PayPal currently has a consensus rating of “Hold” and a consensus price target of $72.73.

PayPal Trading Up 1.0 %

PayPal stock traded up $0.64 during trading on Thursday, reaching $64.45. 8,363,010 shares of the company were exchanged, compared to its average volume of 16,278,468. The stock’s 50 day simple moving average is $64.00 and its two-hundred day simple moving average is $60.74. 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 debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54.

PayPal (NASDAQ:PYPL) last posted its quarterly 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). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the prior year, the firm earned $0.86 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. On average, equities research analysts expect that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal 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.