Venturi Wealth Management LLC Has $98,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Venturi Wealth Management LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,602 shares of the credit services provider’s stock after selling 470 shares during the quarter. Venturi Wealth Management LLC’s holdings in PayPal were worth $98,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Sutton Wealth Advisors Inc. raised its position in shares of PayPal by 115.0% during the third 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 last quarter. PCA Investment Advisory Services Inc. bought a new position in PayPal during the second quarter valued at about $27,000. Resurgent Financial Advisors LLC acquired a new position in PayPal in the 4th quarter valued at approximately $29,000. BluePath Capital Management LLC bought a new stake in shares of PayPal in the 3rd quarter worth approximately $33,000. Finally, Beacon Capital Management LLC lifted its position in shares of PayPal by 58.6% in the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 225 shares during the period. 68.32% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PYPL. Daiwa Capital Markets lowered PayPal from an “outperform” rating to a “neutral” rating and cut their target price for the company from $64.00 to $62.00 in a research note on Tuesday, February 13th. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price objective on shares of PayPal in a research note on Thursday, March 21st. Oppenheimer reiterated a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Wedbush reissued an “outperform” rating and issued a $85.00 price target on shares of PayPal in a research report on Thursday, February 8th. Finally, Argus cut PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.47.

PayPal Stock Performance

Shares of PYPL stock opened at $64.54 on Friday. The company has a market capitalization of $69.17 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 1.48 and a beta of 1.45. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $77.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The company’s 50 day moving average price is $61.65 and its two-hundred day moving average price is $59.50.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.01 earnings per share. On average, analysts expect that PayPal Holdings, Inc. will post 3.95 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.