San Luis Wealth Advisors LLC Sells 1,552 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

San Luis Wealth Advisors LLC trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 22.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,332 shares of the credit services provider’s stock after selling 1,552 shares during the period. San Luis Wealth Advisors LLC’s holdings in PayPal were worth $344,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in PayPal by 4.5% in the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after purchasing an additional 873,181 shares during the period. Norges Bank bought a new position in PayPal in the 4th quarter valued at $749,561,000. Northern Trust Corp boosted its holdings in PayPal by 0.7% in the 3rd quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock valued at $687,902,000 after purchasing an additional 78,105 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in PayPal by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after purchasing an additional 265,116 shares during the period. Finally, Atreides Management LP boosted its holdings in PayPal by 9.3% in the 3rd quarter. Atreides Management LP now owns 4,174,520 shares of the credit services provider’s stock valued at $244,042,000 after purchasing an additional 355,411 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Trading Up 1.4 %

Shares of PYPL stock traded up $0.81 on Friday, hitting $60.61. 18,888,289 shares of the stock traded hands, compared to its average volume of 10,969,118. The firm’s 50-day moving average price is $63.60 and its two-hundred day moving average price is $62.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $63.40 billion, a PE ratio of 15.27, a PEG ratio of 0.98 and a beta of 1.43. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 earnings per share. As a group, analysts anticipate that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PYPL shares. Citigroup raised their price objective on shares of PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Monness Crespi & Hardt raised their price objective on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, April 29th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Robert W. Baird raised their price objective on shares of PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, Evercore ISI raised their price objective on shares of PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Wednesday, May 1st. Twenty equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, PayPal has an average rating of “Hold” and an average target price of $73.82.

Insider Activity at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the sale, the director now directly owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is 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.