Paypal Holdings Inc (PYPL) Shares Sold by Stevens First Principles Investment Advisors

Stevens First Principles Investment Advisors cut its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,156 shares of the credit services provider’s stock after selling 1,290 shares during the quarter. Paypal comprises about 8.3% of Stevens First Principles Investment Advisors’ holdings, making the stock its biggest holding. Stevens First Principles Investment Advisors’ holdings in Paypal were worth $14,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Security National Trust Co. increased its stake in shares of Paypal by 3.0% in the 3rd quarter. Security National Trust Co. now owns 25,361 shares of the credit services provider’s stock worth $2,228,000 after acquiring an additional 730 shares in the last quarter. First Republic Investment Management Inc. increased its stake in shares of Paypal by 35.9% in the 2nd quarter. First Republic Investment Management Inc. now owns 305,703 shares of the credit services provider’s stock worth $25,455,000 after acquiring an additional 80,765 shares in the last quarter. Weatherly Asset Management L. P. increased its stake in shares of Paypal by 0.8% in the 2nd quarter. Weatherly Asset Management L. P. now owns 87,418 shares of the credit services provider’s stock worth $7,279,000 after acquiring an additional 656 shares in the last quarter. New England Research & Management Inc. increased its stake in shares of Paypal by 10.2% in the 3rd quarter. New England Research & Management Inc. now owns 11,300 shares of the credit services provider’s stock worth $993,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Clinton Group Inc. bought a new position in shares of Paypal in the 3rd quarter worth about $9,249,000. Institutional investors and hedge funds own 79.81% of the company’s stock.

PYPL opened at $86.76 on Friday. The company has a market capitalization of $103.97 billion, a P/E ratio of 51.60, a price-to-earnings-growth ratio of 2.77 and a beta of 1.23. Paypal Holdings Inc has a 12-month low of $68.61 and a 12-month high of $93.70.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The company had revenue of $3.68 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 earnings per share. As a group, analysts expect that Paypal Holdings Inc will post 1.79 EPS for the current year.

A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Paypal from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Wednesday, October 24th. Stifel Nicolaus raised their price objective on shares of Paypal from $99.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Stephens restated a “buy” rating and set a $95.00 price objective on shares of Paypal in a research note on Friday, July 27th. Finally, Cantor Fitzgerald raised their price objective on shares of Paypal to $98.00 and gave the company an “overweight” rating in a research note on Thursday, July 26th. Seven equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.93.

In related news, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 27th. The shares were sold at an average price of $89.57, for a total value of $2,328,820.00. Following the transaction, the insider now owns 331,506 shares of the company’s stock, valued at $29,692,992.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan Auerbach sold 4,684 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $83.81, for a total transaction of $392,566.04. Following the completion of the transaction, the executive vice president now directly owns 97,433 shares in the company, valued at approximately $8,165,859.73. The disclosure for this sale can be found here. In the last three months, insiders sold 379,755 shares of company stock worth $32,034,580. 0.20% of the stock is currently owned by insiders.

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About Paypal

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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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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