PayPal Holdings, Inc. $PYPL Shares Sold by Aviso Financial Inc.

Aviso Financial Inc. decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 4,443 shares of the credit services provider’s stock after selling 228 shares during the period. Aviso Financial Inc.’s holdings in PayPal were worth $290,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group lifted its stake in PayPal by 7.5% during the 1st quarter. Brooklyn Investment Group now owns 5,102 shares of the credit services provider’s stock worth $333,000 after acquiring an additional 357 shares in the last quarter. Keystone Global Partners LLC acquired a new position in PayPal during the 1st quarter worth about $60,000. Versor Investments LP lifted its stake in PayPal by 82.8% during the 1st quarter. Versor Investments LP now owns 27,600 shares of the credit services provider’s stock worth $1,801,000 after acquiring an additional 12,500 shares in the last quarter. FCG Investment Co lifted its stake in PayPal by 26.4% during the 1st quarter. FCG Investment Co now owns 18,987 shares of the credit services provider’s stock worth $1,239,000 after acquiring an additional 3,968 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in PayPal by 1.7% during the 1st quarter. Raymond James Financial Inc. now owns 1,614,432 shares of the credit services provider’s stock worth $105,341,000 after acquiring an additional 26,419 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

PYPL has been the topic of a number of analyst reports. Barclays reaffirmed an “overweight” rating on shares of PayPal in a research report on Tuesday, July 29th. BMO Capital Markets reaffirmed a “market perform” rating on shares of PayPal in a research report on Tuesday, July 29th. Seaport Res Ptn raised PayPal from a “strong sell” rating to a “hold” rating in a research report on Monday, July 14th. UBS Group reduced their price target on PayPal from $88.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Finally, Wall Street Zen raised PayPal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, PayPal presently has a consensus rating of “Hold” and an average price target of $85.00.

Insiders Place Their Bets

In related news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the transaction, the insider directly owned 48,483 shares of the company’s stock, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Diego Scotti sold 3,838 shares of PayPal stock in a transaction 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 transaction, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,174,279.68. This represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,736 shares of company stock valued at $1,620,835 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

PayPal Stock Up 0.4%

PYPL opened at $69.53 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 has a 50 day simple moving average of $72.48 and a 200-day simple moving average of $70.55. The stock has a market capitalization of $66.43 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.07 and a beta of 1.42. PayPal Holdings, Inc. has a 12 month low of $55.85 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 EPS for the quarter, beating the consensus estimate of $1.30 by $0.10. The business had revenue of $8.29 billion during 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 last year, the firm earned $1.19 EPS. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal 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.