RMR Wealth Builders Trims Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

RMR Wealth Builders reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 5,304 shares of the credit services provider’s stock after selling 215 shares during the period. RMR Wealth Builders’ holdings in PayPal were worth $346,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. NorthCrest Asset Manangement LLC lifted its stake in PayPal by 12.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 129,262 shares of the credit services provider’s stock valued at $8,434,000 after buying an additional 14,632 shares during the last quarter. Legacy Trust raised its position in PayPal by 0.4% in the 1st quarter. Legacy Trust now owns 54,834 shares of the credit services provider’s stock valued at $3,578,000 after purchasing an additional 202 shares during the last quarter. Fifth Third Bancorp raised its position in PayPal by 22.6% in the 1st quarter. Fifth Third Bancorp now owns 193,219 shares of the credit services provider’s stock valued at $12,608,000 after purchasing an additional 35,617 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in PayPal by 21.4% during the 1st quarter. Simon Quick Advisors LLC now owns 12,844 shares of the credit services provider’s stock worth $838,000 after purchasing an additional 2,261 shares during the period. Finally, Visionary Horizons LLC purchased a new position in PayPal during the 1st quarter worth $514,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

NASDAQ PYPL opened at $70.83 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The business has a fifty day moving average of $68.14 and a 200-day moving average of $75.82. The stock has a market cap of $68.88 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PYPL shares. Bank of America reduced their target price on shares of PayPal from $103.00 to $93.00 and set a “buy” rating for the company in a report on Monday, April 14th. Wells Fargo & Company reduced their price objective on PayPal from $80.00 to $74.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Arete Research set a $81.00 target price on PayPal in a research note on Thursday, March 27th. Evercore ISI began coverage on PayPal in a research note on Wednesday, April 9th. They set an “in-line” rating and a $65.00 price target for the company. Finally, Robert W. Baird lifted their price objective on shares of PayPal from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $83.29.

Insider Buying and Selling

In related news, EVP Diego Scotti sold 3,839 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were 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 now directly owns 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the transaction, the director now directly owns 13,976 shares in the company, valued at approximately $1,020,248. This represents a 21.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is owned by insiders.

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.