Beaumont Financial Advisors LLC Sells 5,785 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Beaumont Financial Advisors LLC cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 42.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,870 shares of the credit services provider’s stock after selling 5,785 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in PayPal were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PYPL. Moneta Group Investment Advisors LLC raised its holdings in PayPal by 110,462.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock valued at $1,220,431,000 after acquiring an additional 17,120,572 shares during the period. Norges Bank bought a new stake in PayPal during the fourth quarter valued at about $1,022,333,000. Clearbridge Investments LLC increased its holdings in shares of PayPal by 122.0% in the first quarter. Clearbridge Investments LLC now owns 6,230,481 shares of the credit services provider’s stock worth $720,555,000 after purchasing an additional 3,424,122 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of PayPal by 36.2% in the second quarter. Nuveen Asset Management LLC now owns 10,771,095 shares of the credit services provider’s stock worth $718,755,000 after purchasing an additional 2,862,766 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of PayPal by 420.6% in the third quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock worth $190,371,000 after purchasing an additional 2,616,774 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

PYPL has been the topic of several research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $66.00 target price (down from $118.00) on shares of PayPal in a report on Tuesday, January 9th. DZ Bank cut PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a report on Friday, February 9th. UBS Group lifted their target price on PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Finally, Wells Fargo & Company boosted their price objective on PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $70.47.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by insiders.

PayPal Stock Up 0.3 %

Shares of NASDAQ PYPL opened at $62.31 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $65.59 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 1.41 and a beta of 1.45. The stock has a 50 day moving average price of $62.34 and a 200 day moving average price of $59.93. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $76.54.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The firm 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%. PayPal’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. Sell-side analysts expect that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

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.