Ashburton Jersey Ltd Reduces Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ashburton Jersey Ltd trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,792 shares of the credit services provider’s stock after selling 3,344 shares during the quarter. PayPal comprises 3.3% of Ashburton Jersey Ltd’s holdings, making the stock its 13th largest position. Ashburton Jersey Ltd’s holdings in PayPal were worth $7,237,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal during the fourth quarter worth about $25,000. Sutton Wealth Advisors Inc. boosted its position in PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 237 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of PayPal during the 3rd quarter worth approximately $33,000. Criterion Capital Advisors LLC purchased a new position in shares of PayPal during the 4th quarter valued at approximately $37,000. Finally, Beacon Capital Management LLC lifted its stake in shares of PayPal by 58.6% in the 4th 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.

Insiders Place Their Bets

In related news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

PayPal Trading Down 0.1 %

Shares of NASDAQ PYPL traded down $0.05 during trading on Thursday, reaching $66.09. The stock had a trading volume of 5,417,030 shares, compared to its average volume of 16,474,621. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.28. The company has a market cap of $69.57 billion, a P/E ratio of 16.68, a PEG ratio of 1.26 and a beta of 1.41. PayPal Holdings, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The business’s 50-day moving average price is $63.39 and its 200-day moving average price is $60.39.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. On average, equities research analysts predict that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on shares of PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Friday, January 5th. Wedbush reissued an “outperform” rating and issued a $85.00 price target on shares of PayPal in a research note on Thursday, February 8th. BMO Capital Markets upped their price target on shares of PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Robert W. Baird raised their target price on PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.73.

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.