PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,780 shares of the credit services provider’s stock after selling 621 shares during the quarter. Sentry Investment Management LLC’s holdings in PayPal were worth $355,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of PYPL. VitalStone Financial LLC grew its holdings in PayPal by 4,514.3% in the 1st quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider’s stock worth $75,000 after buying an additional 316 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in shares of PayPal by 146.5% during the second quarter. SkyView Investment Advisors LLC now owns 382 shares of the credit services provider’s stock valued at $73,000 after purchasing an additional 227 shares in the last quarter. PCA Investment Advisory Services Inc. bought a new position in PayPal in the 2nd quarter valued at about $27,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in PayPal during the 4th quarter valued at about $25,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in shares of PayPal in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling

In other PayPal news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on Friday, March 1st. The shares were 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 owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

PayPal Price Performance

Shares of PayPal stock opened at $62.86 on Tuesday. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $77.95. The firm’s 50-day moving average price is $62.16 and its two-hundred day moving average price is $59.83. 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 market capitalization of $66.17 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 1.47 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $1.01 earnings per share. On average, equities analysts predict that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on PYPL. Daiwa Capital Markets downgraded PayPal from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $64.00 to $62.00 in a research report on Tuesday, February 13th. Mizuho decreased their price target on shares of PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. UBS Group increased their price target on PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Friday, January 5th. Finally, William Blair restated an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Twenty-three investment 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 has a consensus rating of “Hold” and a consensus price target of $70.47.

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.