PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 61.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,585 shares of the credit services provider’s stock after selling 11,864 shares during the quarter. Sigma Planning Corp’s holdings in PayPal were worth $466,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new position in shares of PayPal in the fourth quarter valued at approximately $9,267,000. Bartlett & Co. LLC boosted its position in PayPal by 8.5% in the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after buying an additional 740 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of PayPal by 9.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock worth $53,344,000 after acquiring an additional 73,687 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of PayPal by 4.9% during the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock worth $1,183,000 after acquiring an additional 942 shares during the period. Finally, Bellecapital International Ltd. raised its stake in shares of PayPal by 2.0% in the fourth quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock valued at $1,332,000 after acquiring an additional 433 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PYPL. Mizuho decreased their price objective on PayPal from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. BMO Capital Markets decreased their price target on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a research note on Thursday, February 8th. JPMorgan Chase & Co. dropped their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Oppenheimer reaffirmed a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Finally, William Blair reissued an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.47.

PayPal Stock Performance

Shares of PYPL stock opened at $64.10 on Friday. The stock’s 50-day moving average price is $62.73 and its 200 day moving average price is $60.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $67.47 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.21 and a beta of 1.45. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.02 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.