Mutual of America Capital Management LLC Trims Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mutual of America Capital Management LLC lowered its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 2.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,516 shares of the credit services provider’s stock after selling 3,856 shares during the period. Mutual of America Capital Management LLC’s holdings in PayPal were worth $9,413,000 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 made changes to their positions in PYPL. Mercer Global Advisors Inc. ADV increased its position in shares of PayPal by 18.1% during the third quarter. Mercer Global Advisors Inc. ADV now owns 112,074 shares of the credit services provider’s stock valued at $6,552,000 after acquiring an additional 17,175 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in PayPal by 7.5% in the third quarter. Integrated Wealth Concepts LLC now owns 40,779 shares of the credit services provider’s stock valued at $2,384,000 after purchasing an additional 2,862 shares during the period. Harbour Investments Inc. lifted its stake in PayPal by 2.6% during the third quarter. Harbour Investments Inc. now owns 13,880 shares of the credit services provider’s stock worth $811,000 after purchasing an additional 350 shares in the last quarter. BRYN MAWR TRUST Co boosted its position in shares of PayPal by 3.6% during the third quarter. BRYN MAWR TRUST Co now owns 9,225 shares of the credit services provider’s stock worth $539,000 after buying an additional 317 shares during the period. Finally, Financial Gravity Asset Management Inc. grew its stake in shares of PayPal by 756.6% in the third quarter. Financial Gravity Asset Management Inc. now owns 1,045 shares of the credit services provider’s stock valued at $61,000 after buying an additional 923 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Transactions at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the transaction, the director now directly owns 13,976 shares in the company, valued at approximately $861,620.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Stock Performance

PayPal stock traded up $0.53 during mid-day trading on Tuesday, reaching $59.62. 4,036,976 shares of the company were exchanged, compared to its average volume of 14,794,478. The firm’s 50-day simple moving average is $62.49 and its two-hundred day simple moving average is $62.31. PayPal Holdings, Inc. has a twelve month low of $50.25 and a twelve month high of $76.54. The firm has a market cap of $62.37 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. PayPal’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company posted $0.86 earnings per share. Equities analysts predict that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of research analyst reports. Citigroup raised their target price on PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a report on Monday, June 10th. Susquehanna raised shares of PayPal from a “neutral” rating to a “positive” rating and set a $71.00 target price on the stock in a research note on Tuesday, July 2nd. Evercore ISI increased their target price on shares of PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research note on Thursday, June 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Tuesday, April 30th. Twenty analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $73.82.

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.