Vickerman Investment Advisors Inc. Sells 6,340 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Vickerman Investment Advisors Inc. lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,378 shares of the credit services provider’s stock after selling 6,340 shares during the period. Vickerman Investment Advisors Inc.’s holdings in PayPal were worth $3,361,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PYPL. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal in the 3rd quarter worth approximately $26,000. Sugarloaf Wealth Management LLC grew its stake in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of PayPal in the 4th quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of PayPal in the 3rd quarter worth approximately $36,000. Institutional investors own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PYPL. Piper Sandler cut their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Finally, Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and increased their target price for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.03.

PayPal Price Performance

NASDAQ:PYPL opened at $69.67 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The business’s 50-day simple moving average is $78.46 and its two-hundred day simple moving average is $80.81. The stock has a market cap of $68.92 billion, a PE ratio of 17.37, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 52 week low of $56.97 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $1.48 earnings per share. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.