MCF Advisors LLC Sells 380 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

MCF Advisors LLC decreased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 16.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,939 shares of the credit services provider’s stock after selling 380 shares during the quarter. MCF Advisors LLC’s holdings in PayPal were worth $130,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Paralel Advisors LLC raised its stake in PayPal by 2,009.5% during the 3rd quarter. Paralel Advisors LLC now owns 525,213 shares of the credit services provider’s stock valued at $30,704,000 after purchasing an additional 500,315 shares during the period. O Shaughnessy Asset Management LLC grew its stake in PayPal by 58.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 34,365 shares of the credit services provider’s stock valued at $2,009,000 after acquiring an additional 12,667 shares in the last quarter. Cape Cod Five Cents Savings Bank bought a new stake in PayPal in the 3rd quarter valued at $246,000. CWA Asset Management Group LLC lifted its stake in PayPal by 17.4% in the 3rd quarter. CWA Asset Management Group LLC now owns 5,508 shares of the credit services provider’s stock worth $322,000 after purchasing an additional 817 shares in the last quarter. Finally, Ironwood Investment Counsel LLC bought a new position in shares of PayPal during the 3rd quarter valued at about $270,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Robert W. Baird boosted their target price on PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Tuesday, April 30th. Mizuho upgraded shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $68.00 to $90.00 in a research report on Thursday, May 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $84.00 price objective on shares of PayPal in a research report on Friday. Finally, UBS Group upped their target price on shares of PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Twenty-one investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.64.

PayPal Stock Down 0.6 %

PayPal stock opened at $58.03 on Friday. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The business has a fifty day moving average of $63.18 and a two-hundred day moving average of $62.43. The firm has a market cap of $60.70 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.95 and a beta of 1.43. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. PayPal’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. On average, analysts forecast that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the transaction, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

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.