Martin Capital Advisors LLP Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Martin Capital Advisors LLP reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,859 shares of the credit services provider’s stock after selling 237 shares during the period. Martin Capital Advisors LLP’s holdings in PayPal were worth $605,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. John G Ullman & Associates Inc. increased its position in PayPal by 19.5% during the fourth quarter. John G Ullman & Associates Inc. now owns 39,285 shares of the credit services provider’s stock worth $2,412,000 after buying an additional 6,400 shares during the period. Resonant Capital Advisors LLC boosted its stake in PayPal by 2.4% during the 4th quarter. Resonant Capital Advisors LLC now owns 28,644 shares of the credit services provider’s stock worth $1,759,000 after purchasing an additional 668 shares during the period. Institute for Wealth Management LLC. grew its position in PayPal by 4.7% during the 4th quarter. Institute for Wealth Management LLC. now owns 38,330 shares of the credit services provider’s stock worth $2,354,000 after purchasing an additional 1,722 shares during the last quarter. Lafayette Investments Inc. increased its stake in PayPal by 12.6% in the fourth quarter. Lafayette Investments Inc. now owns 46,005 shares of the credit services provider’s stock valued at $2,825,000 after purchasing an additional 5,154 shares during the period. Finally, Fidelis Capital Partners LLC raised its holdings in shares of PayPal by 11.1% in the fourth quarter. Fidelis Capital Partners LLC now owns 5,531 shares of the credit services provider’s stock valued at $340,000 after buying an additional 552 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Susquehanna boosted their price target on PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. JMP Securities lifted their price objective on shares of PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, Argus downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $70.47.

PayPal Trading Up 0.3 %

NASDAQ PYPL traded up $0.21 during mid-day trading on Friday, reaching $62.31. 13,118,966 shares of the stock were exchanged, compared to its average volume of 16,569,004. The stock has a market capitalization of $65.59 billion, a PE ratio of 16.20, a PEG ratio of 1.44 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The business’s fifty day simple moving average is $62.27 and its 200 day simple moving average is $59.90.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. The business had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 earnings per share. On average, research analysts anticipate that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

Insider Activity

In other PayPal news, SVP Frank Keller sold 7,686 shares of the stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

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.