Regentatlantic Capital LLC Decreases Stake in Paypal Holdings Inc (NASDAQ:PYPL)

Regentatlantic Capital LLC lowered its position in Paypal Holdings Inc (NASDAQ:PYPL) by 5.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 70,033 shares of the credit services provider’s stock after selling 3,699 shares during the period. Regentatlantic Capital LLC’s holdings in Paypal were worth $8,016,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wendell David Associates Inc. increased its position in shares of Paypal by 3.5% during the 2nd quarter. Wendell David Associates Inc. now owns 2,640 shares of the credit services provider’s stock worth $302,000 after purchasing an additional 89 shares during the last quarter. Waldron Private Wealth LLC boosted its holdings in Paypal by 1.5% during the 1st quarter. Waldron Private Wealth LLC now owns 6,190 shares of the credit services provider’s stock valued at $642,000 after acquiring an additional 93 shares during the period. Magnus Financial Group LLC boosted its holdings in Paypal by 2.0% during the 1st quarter. Magnus Financial Group LLC now owns 4,832 shares of the credit services provider’s stock valued at $502,000 after acquiring an additional 97 shares during the period. Farmers Trust Co. boosted its holdings in Paypal by 2.1% during the 1st quarter. Farmers Trust Co. now owns 4,811 shares of the credit services provider’s stock valued at $499,000 after acquiring an additional 100 shares during the period. Finally, Shine Investment Advisory Services Inc. boosted its holdings in Paypal by 2.5% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 4,069 shares of the credit services provider’s stock valued at $423,000 after acquiring an additional 100 shares during the period. Institutional investors own 80.97% of the company’s stock.

PYPL has been the subject of a number of research analyst reports. Wedbush raised their target price on Paypal from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Cantor Fitzgerald restated a “buy” rating on shares of Paypal in a report on Wednesday, May 1st. KeyCorp raised their target price on Paypal from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Nomura raised their target price on Paypal from $123.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, BidaskClub cut Paypal from a “strong-buy” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the stock. Paypal has a consensus rating of “Buy” and an average price target of $120.81.

In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $111.96, for a total transaction of $3,358,800.00. Following the transaction, the insider now owns 487,074 shares of the company’s stock, valued at $54,532,805.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jonathan Auerbach sold 8,730 shares of Paypal stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $113.80, for a total value of $993,474.00. Following the transaction, the executive vice president now directly owns 120,470 shares in the company, valued at approximately $13,709,486. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 101,840 shares of company stock worth $11,336,732. 0.15% of the stock is currently owned by corporate insiders.

PYPL stock traded down $4.13 during trading on Friday, hitting $106.67. 7,449,249 shares of the company’s stock were exchanged, compared to its average volume of 6,164,885. The firm’s 50-day moving average price is $116.78. The firm has a market capitalization of $131.83 billion, a PE ratio of 59.59, a price-to-earnings-growth ratio of 2.59 and a beta of 0.98. Paypal Holdings Inc has a 52-week low of $74.66 and a 52-week high of $121.48.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.12. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.33 billion. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 earnings per share. Equities research analysts predict that Paypal Holdings Inc will post 2.41 EPS for the current fiscal year.

Paypal 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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