AllSquare Wealth Management LLC Trims Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)


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AllSquare Wealth Management LLC lessened its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,515 shares of the credit services provider’s stock after selling 48 shares during the quarter. AllSquare Wealth Management LLC’s holdings in PayPal were worth $355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Adams Wealth Management acquired a new position in shares of PayPal in the 3rd quarter valued at $25,000. Advisory Alpha LLC purchased a new position in PayPal during the 3rd quarter worth $25,000. JFS Wealth Advisors LLC increased its stake in PayPal by 646.7% in the fourth quarter. JFS Wealth Advisors LLC now owns 112 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 97 shares during the period. RWM Asset Management LLC purchased a new stake in shares of PayPal in the fourth quarter valued at about $27,000. Finally, McCarthy Asset Management Inc. acquired a new stake in PayPal during the 4th quarter worth approximately $31,000. Institutional investors own 82.29% of the company’s stock.

In related news, EVP Mark Britto sold 1,152 shares of the stock in a transaction dated Friday, February 5th. The shares were sold at an average price of $269.11, for a total value of $310,014.72. Following the completion of the transaction, the executive vice president now owns 81,961 shares of the company’s stock, valued at $22,056,524.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adele Louise Pentland sold 6,370 shares of the firm’s stock in a transaction dated Wednesday, February 17th. The stock was sold at an average price of $298.00, for a total transaction of $1,898,260.00. Following the transaction, the executive vice president now owns 52,907 shares of the company’s stock, valued at approximately $15,766,286. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,189 shares of company stock valued at $16,453,133. Insiders own 0.12% of the company’s stock.

Several brokerages recently weighed in on PYPL. Deutsche Bank Aktiengesellschaft increased their price target on PayPal from $234.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday, December 22nd. KeyCorp lifted their price target on shares of PayPal from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, February 12th. Morgan Stanley lifted their price target on PayPal from $302.00 to $329.00 and gave the stock an “overweight” rating in a research note on Friday, February 12th. BTIG Research upped their price objective on PayPal from $300.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, February 16th. Finally, Atlantic Securities lowered shares of PayPal from an “overweight” rating to a “neutral” rating in a research report on Tuesday, February 16th. Six research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $274.68.

NASDAQ:PYPL traded down $13.98 during midday trading on Tuesday, reaching $259.87. The stock had a trading volume of 920,959 shares, compared to its average volume of 9,504,380. The stock has a market capitalization of $304.35 billion, a P/E ratio of 103.34, a PEG ratio of 3.53 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.38 and a quick ratio of 1.38. PayPal Holdings, Inc. has a 1-year low of $82.07 and a 1-year high of $309.14. The firm’s fifty day simple moving average is $257.47 and its 200-day simple moving average is $216.29.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 3rd. The credit services provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.08. The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.09 billion. PayPal had a return on equity of 18.31% and a net margin of 15.48%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 2.8 earnings per share for the current fiscal year.

About PayPal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's payments platform allows consumers to send and receive payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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