Field & Main Bank Lowers Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Field & Main Bank reduced its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,490 shares of the credit services provider’s stock after selling 285 shares during the quarter. Field & Main Bank’s holdings in PayPal were worth $1,168,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sawyer & Company Inc boosted its stake in shares of PayPal by 566.7% during the 2nd quarter. Sawyer & Company Inc now owns 100 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 85 shares in the last quarter. Parisi Gray Wealth Management purchased a new position in PayPal in the 2nd quarter valued at about $35,000. JTC Employer Solutions Trusteee Ltd purchased a new position in PayPal in the 2nd quarter valued at about $38,000. Rocky Mountain Advisers LLC lifted its stake in PayPal by 218.4% in the 2nd quarter. Rocky Mountain Advisers LLC now owns 156 shares of the credit services provider’s stock valued at $45,000 after buying an additional 107 shares in the last quarter. Finally, Baldrige Asset Management LLC purchased a new position in PayPal in the 2nd quarter valued at about $47,000. 78.94% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Jonathan Auerbach sold 12,314 shares of PayPal stock in a transaction on Tuesday, November 23rd. The shares were sold at an average price of $187.32, for a total transaction of $2,306,658.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Daniel H. Schulman sold 10,000 shares of PayPal stock in a transaction on Friday, November 12th. The stock was sold at an average price of $206.38, for a total transaction of $2,063,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,114 shares of company stock valued at $7,102,758. Corporate insiders own 0.10% of the company’s stock.

PYPL stock traded up $0.66 during midday trading on Thursday, hitting $188.71. The company’s stock had a trading volume of 13,344,071 shares, compared to its average volume of 8,978,702. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.36. PayPal Holdings, Inc. has a 52-week low of $184.27 and a 52-week high of $310.16. The firm has a market capitalization of $221.72 billion, a P/E ratio of 45.36, a PEG ratio of 3.01 and a beta of 1.11. The firm has a 50-day simple moving average of $242.41 and a 200-day simple moving average of $265.40.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Monday, November 8th. The credit services provider reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.04. PayPal had a net margin of 20.09% and a return on equity of 19.75%. The company had revenue of $6.18 billion during the quarter, compared to analysts’ expectations of $6.24 billion. During the same quarter last year, the company posted $0.80 EPS. The firm’s revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 3.46 earnings per share for the current fiscal year.

A number of research firms have commented on PYPL. UBS Group reiterated a “buy” rating and issued a $263.00 price objective on shares of PayPal in a report on Thursday, November 18th. Erste Group downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Friday, November 5th. Bank of America reiterated a “buy” rating on shares of PayPal in a report on Monday, August 30th. Raymond James cut their price objective on shares of PayPal from $340.00 to $264.00 and set an “outperform” rating for the company in a report on Wednesday, November 10th. Finally, Wolfe Research cut their price objective on shares of PayPal from $360.00 to $300.00 and set an “outperform” rating for the company in a report on Tuesday, November 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-five have assigned a buy rating to the stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Buy” and an average target price of $283.13.

PayPal Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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