Boston Private Wealth LLC Sells 446 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

Boston Private Wealth LLC decreased its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 6.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,961 shares of the credit services provider’s stock after selling 446 shares during the period. Boston Private Wealth LLC’s holdings in Paypal were worth $721,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PYPL. Parallel Advisors LLC grew its position in Paypal by 5.8% in the third quarter. Parallel Advisors LLC now owns 41,601 shares of the credit services provider’s stock valued at $4,309,000 after purchasing an additional 2,271 shares in the last quarter. Security National Trust Co. grew its position in Paypal by 0.4% in the third quarter. Security National Trust Co. now owns 28,100 shares of the credit services provider’s stock valued at $2,911,000 after purchasing an additional 105 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in Paypal by 9.0% in the third quarter. Cullen Frost Bankers Inc. now owns 278,086 shares of the credit services provider’s stock valued at $28,807,000 after purchasing an additional 22,922 shares in the last quarter. Traynor Capital Management Inc. grew its position in Paypal by 29.2% in the third quarter. Traynor Capital Management Inc. now owns 11,564 shares of the credit services provider’s stock valued at $1,197,000 after purchasing an additional 2,615 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in Paypal in the third quarter valued at $1,164,000. 81.16% of the stock is owned by institutional investors.

Shares of PYPL opened at $101.42 on Friday. The firm has a 50-day moving average of $102.75 and a 200-day moving average of $109.33. Paypal Holdings Inc has a one year low of $75.47 and a one year high of $121.48. The company has a market cap of $118.58 billion, a PE ratio of 56.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 1.43.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. Paypal had a net margin of 14.89% and a return on equity of 16.73%. The company had revenue of $4.38 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same quarter last year, the firm posted $0.58 EPS. The company’s quarterly revenue was up 18.9% on a year-over-year basis. Analysts expect that Paypal Holdings Inc will post 2.3 earnings per share for the current year.

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A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of Paypal from $127.00 to $135.00 and gave the company an “overweight” rating in a research report on Monday, October 28th. Cantor Fitzgerald decreased their target price on shares of Paypal from $135.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Robert W. Baird raised their target price on shares of Paypal from $118.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. BidaskClub downgraded shares of Paypal from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, KeyCorp raised their target price on shares of Paypal from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $123.10.

In other news, CEO Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $104.10, for a total transaction of $3,123,000.00. Following the completion of the sale, the chief executive officer now owns 437,308 shares in the company, valued at approximately $45,523,762.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jonathan Auerbach sold 2,024 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $106.07, for a total transaction of $214,685.68. Following the sale, the executive vice president now owns 118,844 shares of the company’s stock, valued at approximately $12,605,783.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,814 shares of company stock valued at $11,278,603. 0.15% of the stock is currently owned by corporate insiders.

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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