Investors Research Corp Sells 222 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Investors Research Corp trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,668 shares of the credit services provider’s stock after selling 222 shares during the period. Investors Research Corp’s holdings in PayPal were worth $398,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal during the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton increased its holdings in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC increased its holdings in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp increased its holdings in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in PayPal during the 3rd quarter worth approximately $36,000. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PYPL shares. Susquehanna boosted their target price on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Friday, February 28th. BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Robert W. Baird cut their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup restated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Trading Down 3.3 %

PayPal stock opened at $68.16 on Tuesday. The stock has a market cap of $67.43 billion, a P/E ratio of 17.00, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The firm’s fifty day moving average price is $81.40 and its 200-day moving average price is $81.11. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

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

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.