Fulcrum Capital LLC lowered its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,133 shares of the credit services provider’s stock after selling 4,323 shares during the period. Paypal accounts for 1.5% of Fulcrum Capital LLC’s holdings, making the stock its 29th biggest position. Fulcrum Capital LLC’s holdings in Paypal were worth $3,789,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of PYPL. Archford Capital Strategies LLC raised its holdings in shares of Paypal by 92.6% in the second quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock worth $108,000 after buying an additional 625 shares during the last quarter. Patton Albertson Miller Group LLC purchased a new position in shares of Paypal in the third quarter worth $126,000. Landaas & Co. WI ADV purchased a new position in shares of Paypal in the second quarter worth $135,000. Adviser Investments LLC raised its holdings in shares of Paypal by 165.3% in the second quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock worth $138,000 after buying an additional 1,030 shares during the last quarter. Finally, Itau Unibanco Holding S.A. raised its holdings in shares of Paypal by 50.8% in the second quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock worth $142,000 after buying an additional 580 shares during the last quarter. 79.81% of the stock is owned by institutional investors and hedge funds.
PYPL stock opened at $86.76 on Friday. The firm has a market cap of $103.97 billion, a P/E ratio of 51.60, a PEG ratio of 2.77 and a beta of 1.23. Paypal Holdings Inc has a one year low of $68.61 and a one year high of $93.70.
Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. Equities analysts expect that Paypal Holdings Inc will post 1.79 EPS for the current year.
A number of research firms have issued reports on PYPL. Robert W. Baird raised their price target on shares of Paypal from $88.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, July 26th. Stephens reiterated a “buy” rating and issued a $91.00 price objective on shares of Paypal in a research note on Friday, July 13th. Oppenheimer increased their price objective on shares of Paypal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, July 26th. Cantor Fitzgerald increased their price objective on shares of Paypal to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, July 26th. Finally, Compass Point reiterated a “hold” rating and issued a $95.00 price objective on shares of Paypal in a research note on Tuesday, July 31st. Seven analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $93.93.
In related news, EVP Jonathan Auerbach sold 4,684 shares of the firm’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $83.81, for a total transaction of $392,566.04. Following the sale, the executive vice president now owns 97,433 shares in the company, valued at $8,165,859.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John J. Donahoe sold 139,290 shares of the firm’s stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $82.51, for a total transaction of $11,492,817.90. Following the sale, the director now owns 125,136 shares in the company, valued at approximately $10,324,971.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 379,755 shares of company stock worth $32,034,580. 0.20% of the stock is owned by company insiders.
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PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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