PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,075 shares of the credit services provider’s stock after selling 1,018 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in PayPal were worth $773,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Intelligent Financial Strategies acquired a new position in PayPal in the fourth quarter worth approximately $37,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of PayPal in the 1st quarter worth $28,000. Addison Advisors LLC raised its position in shares of PayPal by 100.7% during the first quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 140 shares during the period. Vectors Research Management LLC lifted its holdings in shares of PayPal by 116.5% during the fourth quarter. Vectors Research Management LLC now owns 301 shares of the credit services provider’s stock valued at $57,000 after purchasing an additional 162 shares during the last quarter. Finally, Disciplined Investments LLC boosted its position in shares of PayPal by 82.9% in the 1st quarter. Disciplined Investments LLC now owns 311 shares of the credit services provider’s stock valued at $36,000 after purchasing an additional 141 shares during the period. 70.67% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of NASDAQ:PYPL traded down $0.74 during midday trading on Friday, reaching $86.92. 611,572 shares of the company’s stock were exchanged, compared to its average volume of 11,510,406. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.23 and a current ratio of 1.23. The company’s 50 day simple moving average is $91.86 and its two-hundred day simple moving average is $90.61. PayPal Holdings, Inc. has a 12 month low of $67.58 and a 12 month high of $279.95. The firm has a market capitalization of $100.52 billion, a PE ratio of 49.97, a price-to-earnings-growth ratio of 1.95 and a beta of 1.45.

PayPal (NASDAQ:PYPLGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The credit services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11. The firm had revenue of $6.81 billion during the quarter, compared to analysts’ expectations of $6.76 billion. PayPal had a net margin of 7.79% and a return on equity of 16.79%. Equities research analysts expect that PayPal Holdings, Inc. will post 2.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PYPL. StockNews.com downgraded PayPal from a “hold” rating to a “sell” rating in a report on Thursday, September 1st. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and upped their price target for the company from $94.00 to $114.00 in a research report on Wednesday, August 31st. Keefe, Bruyette & Woods lowered their price objective on shares of PayPal from $108.00 to $98.00 in a research report on Monday, July 11th. Susquehanna lowered PayPal from a “positive” rating to a “neutral” rating and reduced their target price for the company from $115.00 to $100.00 in a report on Tuesday. Finally, DA Davidson lowered their price target on PayPal to $120.00 in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $134.23.

Insider Buying and Selling

In other PayPal news, EVP Peggy Alford sold 21,791 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $97.82, for a total value of $2,131,595.62. Following the sale, the executive vice president now directly owns 18,100 shares in the company, valued at $1,770,542. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

PayPal Company Profile

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PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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