PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Vance Wealth Inc.

Vance Wealth Inc. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,737 shares of the credit services provider’s stock after selling 569 shares during the period. Vance Wealth Inc.’s holdings in PayPal were worth $229,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Principle Wealth Partners LLC acquired a new stake in shares of PayPal in the fourth quarter valued at $206,000. Russell Investments Group Ltd. raised its stake in shares of PayPal by 67.8% in the fourth quarter. Russell Investments Group Ltd. now owns 465,605 shares of the credit services provider’s stock valued at $28,658,000 after acquiring an additional 188,089 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of PayPal in the fourth quarter valued at $412,000. Citizens Financial Group Inc. RI raised its stake in shares of PayPal by 7.1% in the fourth quarter. Citizens Financial Group Inc. RI now owns 9,947 shares of the credit services provider’s stock valued at $611,000 after acquiring an additional 661 shares in the last quarter. Finally, Kovack Advisors Inc. raised its stake in shares of PayPal by 61.9% in the fourth quarter. Kovack Advisors Inc. now owns 36,871 shares of the credit services provider’s stock valued at $2,264,000 after acquiring an additional 14,094 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of PYPL stock traded up $1.86 during midday trading on Friday, reaching $65.96. 14,190,444 shares of the company traded hands, compared to its average volume of 9,031,016. The firm’s 50 day simple moving average is $62.87 and its two-hundred day simple moving average is $60.18. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $69.43 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued 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. 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 previous year, the firm posted $1.01 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on PYPL. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price target on shares of PayPal in a research note on Thursday, March 21st. Stephens restated an “equal weight” rating and issued a $70.00 price target on shares of PayPal in a research note on Thursday, February 8th. Citigroup cut their price target on PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Finally, Oppenheimer restated a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $70.47.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

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.