Trust Asset Management LLC Has $756,000 Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Trust Asset Management LLC decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 13.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,588 shares of the credit services provider’s stock after selling 1,733 shares during the period. Trust Asset Management LLC’s holdings in PayPal were worth $756,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $25,000. Bernard Wealth Management Corp. bought a new stake in PayPal in the 4th quarter valued at $34,000. Pinney & Scofield Inc. bought a new stake in PayPal in the 4th quarter valued at $35,000. Evermay Wealth Management LLC grew its holdings in PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after buying an additional 363 shares in the last quarter. Finally, Garde Capital Inc. bought a new position in PayPal during the 1st quarter worth $28,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. JMP Securities dropped their price objective on shares of PayPal from $110.00 to $100.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 30th. Barclays restated an “overweight” rating on shares of PayPal in a research report on Tuesday, July 29th. UBS Group dropped their price target on shares of PayPal from $88.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $96.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $85.00.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $67.65 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The firm has a market cap of $64.63 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.42. The firm’s fifty day moving average is $72.89 and its 200-day moving average is $71.40.

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

Insider Buying and Selling

In related news, insider Suzan Kereere sold 4,162 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 48,483 shares of the company’s stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Diego Scotti sold 3,839 shares of PayPal stock in a transaction that occurred on Friday, June 6th. The stock was 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 owned 16,989 shares of the company’s stock, valued at approximately $1,244,274.36. The trade was 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 in the last ninety days. Insiders own 0.08% of the company’s stock.

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.