PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. lessened its holdings in PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 35.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,712 shares of the credit services provider’s stock after selling 1,498 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in PayPal were worth $182,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal in the fourth quarter worth about $25,000. American National Bank acquired a new stake in PayPal in the first quarter worth about $27,000. Sutton Wealth Advisors Inc. boosted its holdings in PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 237 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in shares of PayPal during the first quarter worth about $30,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of PayPal during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of PayPal in a report on Thursday, February 8th. Sanford C. Bernstein lifted their target price on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. 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. DZ Bank downgraded PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a report on Friday, February 9th. Finally, JMP Securities lifted their target price on PayPal from $70.00 to $82.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 1st. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Hold” and an average target price of $72.73.

Read Our Latest Analysis on PYPL

PayPal Price Performance

Shares of PYPL traded down $0.67 during trading hours on Tuesday, hitting $64.10. 6,569,523 shares of the stock were exchanged, compared to its average volume of 15,600,909. 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 Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54. The company has a market cap of $67.05 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.16 and a beta of 1.41. The stock’s 50-day moving average price is $64.85 and its two-hundred day moving average price is $61.52.

PayPal (NASDAQ:PYPLGet Free Report) last issued 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 firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts expect that PayPal Holdings, Inc. will post 4.13 earnings per share for the current year.

Insider Buying and Selling

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 transaction of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

PayPal Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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