Abner Herrman & Brock LLC lowered its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 262,428 shares of the credit services provider’s stock after selling 7,020 shares during the quarter. Paypal accounts for about 4.0% of Abner Herrman & Brock LLC’s holdings, making the stock its 6th biggest holding. Abner Herrman & Brock LLC’s holdings in Paypal were worth $22,068,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Paypal by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after purchasing an additional 3,056,620 shares during the period. Vanguard Group Inc lifted its position in shares of Paypal by 3.7% in the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after purchasing an additional 3,056,620 shares during the period. FMR LLC lifted its position in shares of Paypal by 4.2% in the 3rd quarter. FMR LLC now owns 80,780,079 shares of the credit services provider’s stock worth $7,095,722,000 after purchasing an additional 3,283,378 shares during the period. BlackRock Inc. lifted its position in shares of Paypal by 3.3% in the 3rd quarter. BlackRock Inc. now owns 73,378,920 shares of the credit services provider’s stock worth $6,445,605,000 after purchasing an additional 2,329,513 shares during the period. Finally, Edgewood Management LLC lifted its position in shares of Paypal by 1.6% in the 3rd quarter. Edgewood Management LLC now owns 16,706,180 shares of the credit services provider’s stock worth $1,467,471,000 after purchasing an additional 257,594 shares during the period. 79.14% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ PYPL traded down $0.10 during trading on Friday, reaching $90.60. 319,103 shares of the company traded hands, compared to its average volume of 8,606,185. The company has a market cap of $105.52 billion, a PE ratio of 65.09, a PEG ratio of 2.20 and a beta of 1.06. Paypal Holdings Inc has a 52-week low of $70.22 and a 52-week high of $93.70.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. As a group, equities research analysts forecast that Paypal Holdings Inc will post 1.79 EPS for the current fiscal year.

PYPL has been the subject of several research reports. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Wednesday, October 24th. BidaskClub lowered shares of Paypal from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Stifel Nicolaus increased their price target on shares of Paypal to $108.00 and gave the stock a “buy” rating in a research note on Friday, October 19th. SunTrust Banks decreased their price target on shares of Paypal to $88.00 and set a “hold” rating for the company in a research note on Friday, October 19th. Finally, BMO Capital Markets initiated coverage on shares of Paypal in a research note on Wednesday, September 26th. They issued an “outperform” rating and a $112.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $95.49.

In other news, COO William J. Ready sold 27,458 shares of the firm’s stock in a transaction dated Friday, November 16th. The shares were sold at an average price of $85.89, for a total transaction of $2,358,367.62. Following the sale, the chief operating officer now owns 85,485 shares of the company’s stock, valued at approximately $7,342,306.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Adele Louise Pentland sold 8,149 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $84.68, for a total transaction of $690,057.32. Following the sale, the executive vice president now directly owns 61,056 shares in the company, valued at approximately $5,170,222.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 427,750 shares of company stock worth $35,635,027. Insiders own 0.20% of the company’s stock.

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Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Further Reading: Insider Trading

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)

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