Bigelow Investment Advisors LLC Sells 796 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Bigelow Investment Advisors LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 11.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,934 shares of the credit services provider’s stock after selling 796 shares during the period. Bigelow Investment Advisors LLC’s holdings in PayPal were worth $364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of PayPal in the fourth quarter worth $25,000. Sutton Wealth Advisors Inc. grew its stake in PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 237 shares during the last quarter. PCA Investment Advisory Services Inc. purchased a new position in PayPal in the second quarter valued at approximately $27,000. Resurgent Financial Advisors LLC acquired a new position in PayPal in the fourth quarter worth $29,000. Finally, BluePath Capital Management LLC bought a new stake in shares of PayPal during the third quarter valued at about $33,000. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ:PYPL traded up $0.21 during midday trading on Friday, hitting $62.31. 12,318,105 shares of the stock were exchanged, compared to its average volume of 16,569,328. The stock has a market cap of $65.59 billion, a P/E ratio of 16.20, a PEG ratio of 1.44 and a beta of 1.45. The company has a 50 day moving average price of $62.27 and a 200-day moving average price of $59.90. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. 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) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the business earned $1.01 EPS. The firm’s revenue was up 8.7% on a year-over-year basis. On average, research analysts forecast that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Monness Crespi & Hardt decreased their price objective on PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Stephens restated an “equal weight” rating and set a $70.00 price target on shares of PayPal in a report on Thursday, February 8th. Daiwa Capital Markets lowered PayPal from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $64.00 to $62.00 in a research note on Tuesday, February 13th. Mizuho reduced their target price on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Finally, UBS Group boosted their target price on shares of PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $70.47.

Insider Activity

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

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.