PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,626 shares of the credit services provider’s stock after selling 332 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in PayPal were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in PayPal by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 18,880,179 shares of the credit services provider’s stock valued at $4,898,640,000 after buying an additional 143,288 shares in the last quarter. Fisher Asset Management LLC grew its holdings in PayPal by 20.6% in the 4th quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock valued at $2,728,562,000 after buying an additional 2,476,199 shares in the last quarter. Morgan Stanley grew its holdings in PayPal by 5.4% in the 2nd quarter. Morgan Stanley now owns 12,068,283 shares of the credit services provider’s stock valued at $3,517,662,000 after buying an additional 613,441 shares in the last quarter. Alliancebernstein L.P. grew its holdings in PayPal by 3.2% in the 3rd quarter. Alliancebernstein L.P. now owns 8,964,775 shares of the credit services provider’s stock valued at $2,332,724,000 after buying an additional 278,534 shares in the last quarter. Finally, Capital Research Global Investors grew its holdings in PayPal by 12.7% in the 3rd quarter. Capital Research Global Investors now owns 8,209,466 shares of the credit services provider’s stock valued at $2,136,178,000 after buying an additional 923,975 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

PYPL traded down $2.48 during trading on Monday, reaching $99.83. 659,509 shares of the stock were exchanged, compared to its average volume of 21,039,215. The business’s 50 day moving average price is $109.69 and its two-hundred day moving average price is $169.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $116.30 billion, a price-to-earnings ratio of 28.85, a P/E/G ratio of 1.66 and a beta of 1.29. PayPal Holdings, Inc. has a 1 year low of $92.25 and a 1 year high of $310.16.

PayPal (NASDAQ:PYPLGet Rating) last issued its quarterly earnings data on Tuesday, February 1st. The credit services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.06. PayPal had a return on equity of 20.30% and a net margin of 16.43%. The business had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same period in the prior year, the business earned $0.75 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. On average, analysts anticipate that PayPal Holdings, Inc. will post 3.42 EPS for the current year.

In other PayPal news, Director Frank D. Yeary bought 4,000 shares of PayPal stock in a transaction that occurred on Friday, February 4th. The shares were purchased at an average cost of $124.85 per share, for a total transaction of $499,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel H. Schulman bought 7,994 shares of PayPal stock in a transaction that occurred on Thursday, February 3rd. The shares were acquired at an average price of $124.57 per share, for a total transaction of $995,812.58. The disclosure for this purchase can be found here. Insiders have purchased 24,894 shares of company stock worth $2,965,405 over the last quarter. 0.10% of the stock is currently owned by company insiders.

A number of equities analysts have recently weighed in on PYPL shares. BNP Paribas cut PayPal from an “outperform” rating to a “neutral” rating and set a $200.00 price target for the company. in a report on Monday, January 10th. Morgan Stanley lowered their price target on PayPal from $217.00 to $190.00 and set an “overweight” rating for the company in a report on Wednesday, February 2nd. KeyCorp lowered 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. Needham & Company LLC lowered their price target on PayPal from $275.00 to $166.00 in a report on Thursday, February 3rd. Finally, Sanford C. Bernstein decreased their target price on PayPal from $180.00 to $140.00 in a research note on Thursday, February 3rd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, PayPal currently has a consensus rating of “Buy” and a consensus target price of $187.53.

About PayPal (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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