Navalign LLC Has $696,000 Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Navalign LLC lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 27.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,341 shares of the credit services provider’s stock after selling 4,315 shares during the period. Navalign LLC’s holdings in PayPal were worth $696,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PYPL. Sutton Wealth Advisors Inc. grew its position in shares of PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 237 shares in the last quarter. PCA Investment Advisory Services Inc. acquired a new stake in PayPal in the second quarter valued at $27,000. Resurgent Financial Advisors LLC bought a new stake in shares of PayPal in the 4th quarter valued at $29,000. BluePath Capital Management LLC bought a new position in shares of PayPal during the 3rd quarter worth approximately $33,000. Finally, Beacon Capital Management LLC increased its position in PayPal by 58.6% in the 4th quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock valued at $36,000 after buying an additional 225 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Performance

Shares of NASDAQ PYPL traded up $0.42 during midday trading on Thursday, hitting $66.99. The company’s stock had a trading volume of 10,765,398 shares, compared to its average volume of 18,348,646. 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’s fifty day moving average price is $61.46 and its 200-day moving average price is $59.41. The firm has a market cap of $71.80 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.51 and a beta of 1.44. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $77.95.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business earned $1.01 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 3.95 EPS for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of PayPal 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 sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on PYPL shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price objective on shares of PayPal in a report on Thursday, March 21st. Morgan Stanley reissued an “equal weight” rating and issued a $66.00 price target (down from $118.00) on shares of PayPal in a report on Tuesday, January 9th. UBS Group increased their target price on PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Bank of America downgraded PayPal from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $77.00 to $66.00 in a report on Wednesday, December 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, PayPal has an average rating of “Hold” and an average price target of $70.47.

PayPal 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.