Global Trust Asset Management LLC Sells 500 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Global Trust Asset Management LLC lowered its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,002 shares of the credit services provider’s stock after selling 500 shares during the quarter. Global Trust Asset Management LLC’s holdings in PayPal were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PYPL. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal in the fourth quarter worth about $25,000. Hurley Capital LLC bought a new position in shares of PayPal in the fourth quarter worth about $27,000. Bernard Wealth Management Corp. bought a new position in shares of PayPal in the fourth quarter worth about $34,000. Pinney & Scofield Inc. bought a new position in shares of PayPal in the fourth quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of PayPal in the fourth quarter worth about $38,000. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 2.0%

Shares of PYPL opened at $72.26 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a 50-day moving average of $68.44 and a 200 day moving average of $75.57. The firm has a market capitalization of $70.28 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.27 and a beta of 1.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $1.08 earnings per share. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the sale, the executive vice president now directly owns 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the transaction, the director now directly owns 13,976 shares in the company, valued at $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock valued at $863,028 over the last ninety days. 0.08% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on PYPL. Royal Bank of Canada cut their target price on PayPal from $104.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. UBS Group cut their target price on PayPal from $88.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Friday, February 28th. Keefe, Bruyette & Woods cut their target price on PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Finally, Bank of America cut their target price on PayPal from $103.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $83.29.

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.