Lakeview Capital Partners LLC Sells 557 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

Lakeview Capital Partners LLC trimmed its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 11.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,394 shares of the credit services provider’s stock after selling 557 shares during the quarter. Lakeview Capital Partners LLC’s holdings in Paypal were worth $503,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Mcmillion Capital Management Inc. bought a new position in Paypal in the 2nd quarter valued at about $35,000. AGF Investments LLC increased its holdings in Paypal by 55.6% in the 2nd quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock valued at $35,000 after buying an additional 110 shares during the period. Semmax Financial Advisors Inc. increased its holdings in Paypal by 630.2% in the 1st quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock valued at $33,000 after buying an additional 271 shares during the period. Private Ocean LLC increased its holdings in Paypal by 386.7% in the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock valued at $38,000 after buying an additional 290 shares during the period. Finally, Princeton Global Asset Management LLC bought a new position in Paypal in the 1st quarter valued at about $42,000. 80.13% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:PYPL traded up $0.35 during mid-day trading on Tuesday, hitting $108.02. 1,343,982 shares of the company’s stock were exchanged, compared to its average volume of 9,121,835. The company has a 50 day simple moving average of $113.14 and a 200-day simple moving average of $107.29. Paypal Holdings Inc has a fifty-two week low of $74.66 and a fifty-two week high of $121.48. The firm has a market capitalization of $124.92 billion, a P/E ratio of 60.35, a PEG ratio of 2.45 and a beta of 0.97.

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

In related news, CEO Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $107.09, for a total transaction of $3,212,700.00. Following the sale, the chief executive officer now directly owns 487,074 shares in the company, valued at approximately $52,160,754.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Aaron Karczmer sold 3,110 shares of Paypal stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $115.71, for a total transaction of $359,858.10. Following the sale, the executive vice president now owns 15,041 shares in the company, valued at $1,740,394.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,110 shares of company stock worth $10,264,058. 0.15% of the stock is owned by corporate insiders.

PYPL has been the topic of several recent analyst reports. Royal Bank of Canada raised their target price on shares of Paypal to $120.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Nomura raised their target price on shares of Paypal from $123.00 to $139.00 and gave the company a “buy” rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price target on shares of Paypal from $105.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. KeyCorp raised their price target on shares of Paypal from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Finally, Morgan Stanley raised their price target on shares of Paypal from $114.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Eight equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Paypal currently has a consensus rating of “Buy” and a consensus target price of $120.81.

Paypal Company 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.

See Also: Bear Market

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paypal Holdings Inc (NASDAQ:PYPL).

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.