Xponance Inc. Sells 5,968 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Xponance Inc. lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 259,898 shares of the credit services provider’s stock after selling 5,968 shares during the period. Xponance Inc.’s holdings in PayPal were worth $15,960,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vestcor Inc lifted its stake in PayPal by 0.5% during the 4th quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock valued at $1,856,000 after acquiring an additional 140 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in shares of PayPal by 1.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock valued at $1,072,000 after purchasing an additional 143 shares in the last quarter. Oxford Financial Group Ltd. increased its holdings in PayPal by 4.9% in the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock worth $370,000 after acquiring an additional 150 shares in the last quarter. Donaldson Capital Management LLC grew its holdings in shares of PayPal by 5.3% during the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock worth $358,000 after buying an additional 155 shares in the last quarter. Finally, Hartford Financial Management Inc. lifted its position in PayPal by 18.8% in the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after buying an additional 163 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PYPL. DZ Bank lowered shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research note on Friday, February 9th. Monness Crespi & Hardt cut their target price on shares of PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Wells Fargo & Company upped their target price on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Finally, Mizuho cut their target price on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.47.

PayPal Price Performance

PYPL stock traded down $1.16 during trading hours on Thursday, hitting $62.10. 9,195,158 shares of the stock traded hands, compared to its average volume of 16,625,262. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a 50-day simple moving average of $62.15 and a 200 day simple moving average of $59.89. PayPal Holdings, Inc. has a one year low of $50.25 and a one year high of $76.54. The company has a market cap of $65.37 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.44 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the business earned $1.01 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts forecast that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Insider Transactions at PayPal

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

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.