Archer Investment Corp Sells 714 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Archer Investment Corp lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 35.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,296 shares of the credit services provider’s stock after selling 714 shares during the period. Archer Investment Corp’s holdings in PayPal were worth $80,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vestcor Inc raised its holdings in PayPal by 0.5% during the 4th quarter. Vestcor Inc now owns 26,063 shares of the credit services provider’s stock valued at $1,856,000 after acquiring an additional 140 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in PayPal by 1.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider’s stock valued at $1,072,000 after acquiring an additional 143 shares during the period. Oxford Financial Group Ltd. raised its holdings in PayPal by 4.9% during the 1st quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider’s stock valued at $370,000 after acquiring an additional 150 shares during the period. Donaldson Capital Management LLC raised its holdings in PayPal by 5.3% during the 1st quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after acquiring an additional 155 shares during the period. Finally, Hartford Financial Management Inc. raised its holdings in PayPal by 18.8% during the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after acquiring an additional 163 shares during the period. Institutional investors own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of analyst reports. BTIG Research reissued a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of PayPal in a research note on Thursday, February 8th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Citigroup dropped their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, BMO Capital Markets dropped their price objective on PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a research note on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $70.53.

PayPal Stock Down 0.3 %

PYPL opened at $63.26 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $62.15 and its 200-day moving average price is $59.89. PayPal Holdings, Inc. has a 12 month low of $50.25 and a 12 month high of $77.94. The company has a market cap of $66.59 billion, a P/E ratio of 16.47, a P/E/G ratio of 1.44 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm posted $1.01 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities analysts expect that PayPal Holdings, Inc. will post 3.93 EPS for the current year.

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.