First Command Advisory Services Inc. Sells 160 Shares of PayPal Holdings, Inc. $PYPL

First Command Advisory Services Inc. lessened its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.4% in the second quarter, HoldingsChannel.com reports. The fund owned 1,378 shares of the credit services provider’s stock after selling 160 shares during the period. First Command Advisory Services Inc.’s holdings in PayPal were worth $102,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd boosted its position in shares of PayPal by 41.2% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 138 shares during the last quarter. GSB Wealth Management LLC boosted its position in shares of PayPal by 1.7% during the 2nd quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock valued at $606,000 after acquiring an additional 140 shares during the last quarter. CreativeOne Wealth LLC boosted its position in shares of PayPal by 1.5% during the 1st quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock valued at $613,000 after acquiring an additional 142 shares during the last quarter. Pitti Group Wealth Management LLC boosted its position in shares of PayPal by 1.5% during the 2nd quarter. Pitti Group Wealth Management LLC now owns 10,233 shares of the credit services provider’s stock valued at $761,000 after acquiring an additional 147 shares during the last quarter. Finally, MONECO Advisors LLC boosted its position in shares of PayPal by 0.8% during the 1st quarter. MONECO Advisors LLC now owns 20,450 shares of the credit services provider’s stock valued at $1,334,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Ratings Changes

PYPL has been the topic of a number of research reports. KeyCorp reissued a “hold” rating on shares of PayPal in a report on Wednesday, October 22nd. Sanford C. Bernstein decreased their price objective on PayPal from $85.00 to $76.00 in a report on Tuesday, October 21st. Piper Sandler set a $74.00 price objective on PayPal in a report on Tuesday, July 29th. Truist Financial set a $65.00 price objective on PayPal in a report on Friday. Finally, Wall Street Zen cut PayPal from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. Fifteen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average price target of $82.46.

Insiders Place Their Bets

In other news, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total value of $265,282.56. Following the sale, the executive vice president directly owned 16,989 shares in the company, valued at approximately $1,174,279.68. This trade represents a 18.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the sale, the insider owned 48,483 shares in the company, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,102 shares of company stock valued at $1,046,607 in the last ninety days. Company insiders own 0.08% of the company’s stock.

PayPal Price Performance

Shares of PayPal stock opened at $70.25 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.33 and a quick ratio of 1.33. The business’s 50 day simple moving average is $68.95 and its two-hundred day simple moving average is $69.92. The stock has a market capitalization of $67.12 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 1.08 and a beta of 1.44. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.10. The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same period in the previous year, the firm earned $1.19 EPS. Analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

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.