PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Courier Capital LLC

Courier Capital LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,620 shares of the credit services provider’s stock after selling 225 shares during the quarter. Courier Capital LLC’s holdings in PayPal were worth $243,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in PayPal during the fourth quarter worth $25,000. American National Bank acquired a new position in PayPal during the first quarter worth $27,000. Private Wealth Management Group LLC acquired a new position in PayPal during the fourth quarter worth $29,000. Spartan Planning & Wealth Management raised its holdings in PayPal by 13,625.0% during the fourth quarter. Spartan Planning & Wealth Management now owns 549 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 545 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in PayPal during the first quarter worth $34,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the transaction, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PYPL shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $84.00 price objective on shares of PayPal in a report on Friday. The Goldman Sachs Group reissued a “neutral” rating and issued a $69.00 price target on shares of PayPal in a report on Monday. Mizuho raised PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $68.00 to $90.00 in a report on Thursday, May 30th. UBS Group boosted their price target on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Finally, Evercore ISI boosted their price target on PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a report on Tuesday. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PayPal has an average rating of “Hold” and an average target price of $73.64.

PayPal Stock Performance

PYPL stock traded down $0.34 on Friday, reaching $58.03. The company’s stock had a trading volume of 26,258,787 shares, compared to its average volume of 15,021,343. The firm has a fifty day moving average of $63.34 and a two-hundred day moving average of $62.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $60.70 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54.

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

PayPal 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.