PayPal Holdings, Inc. (NASDAQ:PYPL) Holdings Decreased by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC reduced its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 63.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,800 shares of the credit services provider’s stock after selling 6,709 shares during the quarter. Catalytic Wealth RIA LLC’s holdings in PayPal were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PYPL. Pittenger & Anderson Inc. raised its holdings in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of PayPal in the 4th quarter valued at approximately $25,000. American National Bank bought a new stake in shares of PayPal in the 1st quarter valued at approximately $27,000. Register Financial Advisors LLC bought a new stake in PayPal during the first quarter worth approximately $30,000. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in PayPal by 65.8% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 185 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PayPal

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

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent research reports. The Goldman Sachs Group restated a “neutral” rating and issued a $69.00 target price on shares of PayPal in a research note on Monday, June 24th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 price target on shares of PayPal in a research report on Thursday, July 11th. Evercore ISI lifted their target price on PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. New Street Research started coverage on PayPal in a research note on Friday, May 31st. They set a “buy” rating and a $80.00 target price for the company. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Twenty-one analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.82.

PayPal Stock Up 2.4 %

PYPL traded up $1.44 during trading hours on Monday, reaching $60.77. 7,485,273 shares of the stock traded hands, compared to its average volume of 14,458,640. The firm’s fifty day simple moving average is $61.46 and its two-hundred day simple moving average is $62.23. The company has a market cap of $63.57 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 0.97 and a beta of 1.42. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company 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 company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.86 earnings per share. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.15 earnings per share 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.