Demars Financial Group LLC lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 99.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,489 shares of the credit services provider’s stock after selling 445,805 shares during the period. Demars Financial Group LLC’s holdings in PayPal were worth $334,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank acquired a new stake in PayPal during the 2nd quarter worth approximately $27,000. Evermay Wealth Management LLC lifted its holdings in PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after buying an additional 363 shares in the last quarter. Garde Capital Inc. acquired a new stake in PayPal during the 1st quarter worth approximately $28,000. Tsfg LLC raised its holdings in shares of PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in shares of PayPal by 41.2% in the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 138 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.
PayPal Trading Up 2.1%
Shares of PayPal stock opened at $67.41 on Monday. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $64.40 billion, a P/E ratio of 14.40, a PEG ratio of 1.04 and a beta of 1.44. The company’s fifty day moving average is $68.89 and its two-hundred day moving average is $69.52.
Insiders Place Their Bets
In other PayPal news, CAO Chris Natali sold 7,102 shares of the firm’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.35, for a total transaction of $492,523.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total transaction of $288,801.18. Following the completion of the sale, the insider directly owned 48,483 shares in the company, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,102 shares of company stock valued at $1,046,607. Insiders own 0.08% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $70.00 price objective on shares of PayPal and gave the company a “sell” rating in a report on Monday, October 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $88.00 price objective on shares of PayPal in a report on Thursday, June 26th. BMO Capital Markets restated a “market perform” rating on shares of PayPal in a report on Tuesday, July 29th. Macquarie restated an “outperform” rating and issued a $95.00 price objective on shares of PayPal in a report on Wednesday, July 30th. Finally, Seaport Res Ptn raised shares of PayPal from a “strong sell” rating to a “hold” rating in a research report on Monday, July 14th. Sixteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.44.
Get Our Latest Research Report on PayPal
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.
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