Silver Oak Securities Incorporated decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 29.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,141 shares of the credit services provider’s stock after selling 1,293 shares during the period. Silver Oak Securities Incorporated’s holdings in PayPal were worth $184,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Sutton Wealth Advisors Inc. increased its stake in 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 buying an additional 237 shares during the period. 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. BluePath Capital Management LLC bought a new position in shares of PayPal during the 3rd quarter valued at about $33,000. Finally, Hanson & Doremus Investment Management boosted its position in shares of PayPal by 65.9% during the 3rd quarter. Hanson & Doremus Investment Management now owns 680 shares of the credit services provider’s stock valued at $40,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.
Insider Buying and Selling
In related news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction 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 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 available at this hyperlink. 0.13% of the stock is currently owned by insiders.
PayPal Trading Up 4.0 %
Shares of PYPL stock opened at $62.45 on Thursday. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $77.95. The firm’s fifty day simple moving average is $60.57 and its 200 day simple moving average is $59.26. The firm has a market capitalization of $66.93 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.37 and a beta of 1.44. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46.
PayPal (NASDAQ:PYPL – Get Free Report) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. PayPal’s revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 3.91 EPS for the current year.
Analysts Set New Price Targets
PYPL has been the subject of several research reports. DZ Bank lowered shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a research report on Friday, February 9th. BMO Capital Markets decreased their target price on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a report on Thursday, February 8th. Wedbush reiterated an “outperform” rating and issued a $85.00 target price on shares of PayPal in a report on Thursday, February 8th. JMP Securities restated a “market outperform” rating and set a $68.00 price target on shares of PayPal in a report on Thursday, February 8th. Finally, Monness Crespi & Hardt decreased their price target on shares of PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a report 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $70.63.
Check Out Our Latest Report on PayPal
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.
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