Evanson Asset Management LLC Sells 300 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Evanson Asset Management LLC lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,128 shares of the credit services provider’s stock after selling 300 shares during the quarter. Evanson Asset Management LLC’s holdings in PayPal were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Sutton Wealth Advisors Inc. boosted its stake in shares of PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 237 shares during the last quarter. PCA Investment Advisory Services Inc. purchased a new position in shares of PayPal during the second quarter worth $27,000. Resurgent Financial Advisors LLC acquired a new stake in PayPal during the 4th quarter worth approximately $29,000. BluePath Capital Management LLC purchased a new stake in shares of PayPal during the third quarter worth $33,000. Finally, Beacon Capital Management LLC boosted its holdings in PayPal by 58.6% in the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

PayPal Trading Up 0.6 %

NASDAQ:PYPL traded up $0.42 during trading hours on Thursday, reaching $66.99. The company’s stock had a trading volume of 10,765,398 shares, compared to its average volume of 18,348,646. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $77.95. The firm has a market capitalization of $71.80 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.51 and a beta of 1.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a 50-day simple moving average of $61.46 and a 200-day simple moving average of $59.41.

PayPal (NASDAQ:PYPL) last released its quarterly 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. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. Research analysts expect that PayPal Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PYPL. 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 research note on Thursday, February 8th. Susquehanna lifted their price objective on PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Stephens restated an “equal weight” rating and set a $70.00 price objective on shares of PayPal in a research note on Thursday, February 8th. William Blair restated an “outperform” rating on shares of PayPal in a research note on Thursday, February 8th. Finally, Monness Crespi & Hardt dropped their target price on PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $70.47.

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.