Paypal Holdings Inc (NASDAQ:PYPL) Shares Sold by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC lowered its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,465 shares of the credit services provider’s stock after selling 228 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Paypal were worth $980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in PYPL. Buckingham Capital Management Inc. lifted its position in Paypal by 0.9% during the first quarter. Buckingham Capital Management Inc. now owns 54,185 shares of the credit services provider’s stock valued at $5,627,000 after acquiring an additional 498 shares during the last quarter. First Trust Advisors LP increased its stake in Paypal by 0.5% during the 1st quarter. First Trust Advisors LP now owns 5,675,772 shares of the credit services provider’s stock valued at $589,372,000 after purchasing an additional 30,184 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in Paypal during the 1st quarter valued at approximately $42,000. Rehmann Capital Advisory Group increased its stake in Paypal by 4.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 7,122 shares of the credit services provider’s stock valued at $740,000 after purchasing an additional 294 shares in the last quarter. Finally, Cerebellum GP LLC acquired a new position in Paypal during the 1st quarter valued at approximately $337,000. 80.58% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the stock. Wells Fargo & Co upped their price target on shares of Paypal from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Wedbush set a $140.00 price target on shares of Paypal and gave the company a “buy” rating in a research note on Friday, August 16th. Robert W. Baird upped their price target on shares of Paypal from $118.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. KeyCorp upped their price target on shares of Paypal from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, BTIG Research set a $130.00 price target on shares of Paypal and gave the company a “buy” rating in a research note on Wednesday, October 9th. Nine analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Paypal presently has a consensus rating of “Buy” and a consensus price target of $122.17.

Shares of NASDAQ:PYPL traded down $0.76 during midday trading on Wednesday, reaching $102.83. The company’s stock had a trading volume of 2,720,450 shares, compared to its average volume of 5,853,610. The firm has a market capitalization of $119.53 billion, a PE ratio of 57.45, a P/E/G ratio of 2.30 and a beta of 0.96. Paypal Holdings Inc has a twelve month low of $75.47 and a twelve month high of $121.48. The stock has a fifty day moving average of $104.89 and a 200 day moving average of $109.73.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.12. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. Equities analysts predict that Paypal Holdings Inc will post 2.4 EPS for the current year.

In related news, insider Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $111.96, for a total transaction of $3,358,800.00. Following the sale, the insider now owns 487,074 shares in the company, valued at $54,532,805.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO John D. Rainey sold 7,283 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $107.23, for a total transaction of $780,956.09. Following the sale, the chief financial officer now owns 115,128 shares in the company, valued at approximately $12,345,175.44. The disclosure for this sale can be found here. Insiders sold 132,417 shares of company stock worth $14,511,700 in the last quarter. Company insiders own 0.15% of the company’s stock.

Paypal Company Profile

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 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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