PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC cut its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,394 shares of the credit services provider’s stock after selling 956 shares during the period. Simplicity Solutions LLC’s holdings in PayPal were worth $884,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vestcor Inc boosted its stake in PayPal by 0.5% during the 4th quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock valued at $1,856,000 after purchasing an additional 140 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in PayPal by 1.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock valued at $1,072,000 after purchasing an additional 143 shares during the period. Oxford Financial Group Ltd. boosted its stake in PayPal by 4.9% during the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock valued at $370,000 after purchasing an additional 150 shares during the period. Donaldson Capital Management LLC boosted its stake in PayPal by 5.3% during the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after purchasing an additional 155 shares during the period. Finally, Hartford Financial Management Inc. boosted its stake 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. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of PYPL opened at $63.43 on Wednesday. The company’s 50 day moving average price is $62.15 and its 200 day moving average price is $59.86. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $77.95. The company has a market capitalization of $66.77 billion, a PE ratio of 16.52, a PEG ratio of 1.44 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Research analysts expect that PayPal Holdings, Inc. will post 3.93 EPS for the current fiscal year.

Analysts Set New Price Targets

PYPL has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their target price on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. Wells Fargo & Company upped their price target on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $66.00 price target (down from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. Citigroup reduced their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Mizuho reduced their price target on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $70.47.

Insider Activity 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 shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by insiders.

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.