PayPal Holdings, Inc. $PYPL Shares Sold by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLFree Report) by 53.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,211 shares of the credit services provider’s stock after selling 102,639 shares during the quarter. Capital Investment Services of America Inc.’s holdings in PayPal were worth $5,915,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hilltop National Bank purchased a new stake in shares of PayPal during the second quarter worth $27,000. MUFG Securities EMEA plc grew its stake in PayPal by 100.4% during the 2nd quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 87,524 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in PayPal during the 3rd quarter worth about $30,000. True Wealth Design LLC raised its position in PayPal by 285.3% in the 3rd quarter. True Wealth Design LLC now owns 524 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 388 shares in the last quarter. Finally, VSM Wealth Advisory LLC purchased a new position in shares of PayPal in the 2nd quarter valued at about $36,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Susquehanna cut their target price on shares of PayPal from $94.00 to $90.00 and set a “positive” rating on the stock in a research note on Thursday, January 8th. Mizuho reduced their price objective on shares of PayPal from $84.00 to $75.00 and set an “outperform” rating on the stock in a report on Monday, December 22nd. Cantor Fitzgerald raised shares of PayPal to a “hold” rating in a research report on Tuesday. TD Cowen dropped their target price on PayPal from $80.00 to $65.00 and set a “hold” rating on the stock in a report on Monday, January 12th. Finally, Royal Bank Of Canada raised their price target on PayPal from $88.00 to $91.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Twelve equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.10.

Read Our Latest Research Report on PYPL

Insider Buying and Selling

In other PayPal news, insider Suzan Kereere sold 12,500 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $68.87, for a total transaction of $860,875.00. Following the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $2,133,799.21. This trade represents a 28.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Aaron Webster sold 9,282 shares of PayPal stock in a transaction on Monday, November 10th. The shares were sold at an average price of $66.29, for a total transaction of $615,303.78. Following the completion of the transaction, the executive vice president owned 35,699 shares in the company, valued at approximately $2,366,486.71. This represents a 20.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 25,944 shares of company stock worth $1,725,233. Insiders own 0.08% of the company’s stock.

Key PayPal News

Here are the key news stories impacting PayPal this week:

PayPal Stock Down 1.8%

PYPL opened at $53.11 on Friday. PayPal Holdings, Inc. has a one year low of $52.53 and a one year high of $90.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a market capitalization of $49.69 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 0.67 and a beta of 1.42. The business’s 50-day simple moving average is $59.19 and its 200-day simple moving average is $65.65.

PayPal (NASDAQ:PYPLGet Free Report) last released its quarterly earnings results on Tuesday, October 28th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.14. The firm had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $8.21 billion. PayPal had a return on equity of 25.64% and a net margin of 14.96%.The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

About PayPal

(Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

See Also

Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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