Horan Capital Advisors LLC. Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Horan Capital Advisors LLC. cut its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,060 shares of the credit services provider’s stock after selling 2,111 shares during the period. Horan Capital Advisors LLC.’s holdings in PayPal were worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PYPL. Merit Financial Group LLC lifted its position in shares of PayPal by 13.7% during the fourth quarter. Merit Financial Group LLC now owns 69,984 shares of the credit services provider’s stock worth $4,298,000 after purchasing an additional 8,450 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in PayPal by 14.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 11,870 shares of the credit services provider’s stock worth $729,000 after buying an additional 1,472 shares during the period. Summit Global Investments lifted its holdings in PayPal by 2.1% during the 4th quarter. Summit Global Investments now owns 10,076 shares of the credit services provider’s stock valued at $619,000 after buying an additional 209 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in PayPal by 19.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 864,827 shares of the credit services provider’s stock valued at $53,109,000 after buying an additional 140,004 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in PayPal by 10.8% in the 4th quarter. First Horizon Advisors Inc. now owns 6,277 shares of the credit services provider’s stock worth $385,000 after acquiring an additional 614 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

PayPal Trading Down 1.9 %

PayPal stock opened at $65.70 on Friday. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $76.54. The stock has a 50-day moving average price of $63.69 and a 200 day moving average price of $60.50. The company has a quick ratio of 1.29, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $68.73 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period last year, the company earned $0.86 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group boosted their price target on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Tuesday, April 30th. Royal Bank of Canada lifted their price objective on PayPal from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday. Robert W. Baird increased their target price on shares of PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Wednesday. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.73.

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.