Hunter Associates Investment Management LLC Has $209,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Hunter Associates Investment Management LLC lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,435 shares of the credit services provider’s stock after selling 255 shares during the period. Hunter Associates Investment Management LLC’s holdings in PayPal were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in PayPal during the fourth quarter worth about $25,000. Sutton Wealth Advisors Inc. lifted its holdings in shares of PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 237 shares in the last quarter. PCA Investment Advisory Services Inc. bought a new position in shares of PayPal during the 2nd quarter valued at about $27,000. Resurgent Financial Advisors LLC bought a new position in shares of PayPal during the 4th quarter valued at about $29,000. Finally, BluePath Capital Management LLC bought a new position in shares of PayPal during the 3rd quarter valued at about $33,000. Institutional investors own 68.32% of the company’s stock.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

PayPal Price Performance

Shares of NASDAQ:PYPL traded up $0.21 during trading on Friday, reaching $62.31. 13,177,880 shares of the company traded hands, compared to its average volume of 9,214,834. The company’s 50 day moving average is $62.34 and its two-hundred day moving average is $59.93. The firm has a market capitalization of $65.59 billion, a PE ratio of 16.23, a PEG ratio of 1.41 and a beta of 1.45. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54.

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

Analysts Set New Price Targets

PYPL has been the topic of several recent analyst reports. BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Oppenheimer restated a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. JMP Securities boosted their target price on PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a research note on Wednesday. DZ Bank cut PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research note on Friday, February 9th. Finally, Citigroup cut their target price on PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.47.

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.