Oak Associates Ltd. OH Reduces Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Oak Associates Ltd. OH trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,881 shares of the credit services provider’s stock after selling 540 shares during the quarter. Oak Associates Ltd. OH’s holdings in PayPal were worth $1,355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of PYPL. Rosenberg Matthew Hamilton raised its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Hurley Capital LLC purchased a new stake in PayPal during the fourth quarter worth $27,000. Sugarloaf Wealth Management LLC boosted its position in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of PayPal in the 4th quarter valued at $37,000. Finally, Bernard Wealth Management Corp. bought a new position in shares of PayPal in the 4th quarter worth $37,000. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 5.3 %

Shares of NASDAQ PYPL opened at $60.56 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $59.91 billion, a PE ratio of 15.10, a PEG ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a twelve month low of $55.85 and a twelve month high of $93.66. The stock has a fifty day simple moving average of $70.19 and a 200-day simple moving average of $79.87.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the business posted $1.48 earnings per share. PayPal’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PYPL shares. Susquehanna lifted their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Arete Research set a $81.00 price target on PayPal in a research note on Thursday, March 27th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Finally, Evercore ISI began coverage on shares of PayPal in a research report on Wednesday. They issued an “in-line” rating and a $65.00 price objective for the company. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $88.32.

About PayPal

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.