PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 12.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,822,918 shares of the credit services provider’s stock after selling 1,749,705 shares during the period. PayPal makes up 0.7% of Nuveen Asset Management LLC’s holdings, making the stock its 20th largest position. Nuveen Asset Management LLC owned approximately 1.01% of PayPal worth $2,229,566,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PYPL. Level Financial Advisors Inc. acquired a new position in shares of PayPal during the fourth quarter valued at $25,000. LFA Lugano Financial Advisors SA acquired a new position in shares of PayPal in the 4th quarter valued at $26,000. Curi Wealth Management LLC acquired a new position in shares of PayPal in the 4th quarter valued at $30,000. Disciplined Investments LLC boosted its position in shares of PayPal by 203.6% in the 4th quarter. Disciplined Investments LLC now owns 170 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 114 shares during the period. Finally, Blue Bell Private Wealth Management LLC acquired a new position in shares of PayPal in the 4th quarter valued at $36,000. 75.90% of the stock is owned by institutional investors.

A number of brokerages have commented on PYPL. Stephens began coverage on PayPal in a research report on Wednesday, April 6th. They set an “equal weight” rating and a $135.00 price objective for the company. KeyCorp reduced their price target on PayPal from $250.00 to $200.00 and set an “overweight” rating for the company in a report on Wednesday, February 2nd. Citigroup reduced their price target on PayPal from $185.00 to $140.00 in a report on Sunday, April 24th. Wolfe Research reduced their price target on PayPal from $230.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, February 2nd. Finally, Zacks Investment Research raised PayPal from a “sell” rating to a “hold” rating and set a $102.00 price objective on the stock in a research note on Tuesday, March 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $152.83.

NASDAQ PYPL traded up $0.30 during trading on Thursday, hitting $80.42. The company had a trading volume of 21,662,213 shares, compared to its average volume of 20,908,566. PayPal Holdings, Inc. has a one year low of $71.83 and a one year high of $310.16. The company has a market cap of $93.13 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 1.73 and a beta of 1.39. The company’s fifty day moving average is $97.61 and its 200-day moving average is $138.77. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.40.

PayPal (NASDAQ:PYPLGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. PayPal had a net margin of 13.87% and a return on equity of 17.90%. During the same period last year, the company posted $0.91 earnings per share. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 2.7 EPS for the current year.

In other PayPal news, Director Enrique Lores acquired 1,100 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The stock was bought at an average price of $88.13 per share, for a total transaction of $96,943.00. Following the acquisition, the director now directly owns 5,235 shares in the company, valued at $461,360.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peggy Alford sold 14,767 shares of the company’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $85.32, for a total value of $1,259,920.44. Following the completion of the sale, the executive vice president now owns 39,891 shares of the company’s stock, valued at $3,403,500.12. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

PayPal Company Profile (Get Rating)

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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