Massey Quick Simon & CO. LLC trimmed its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 30.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,321 shares of the credit services provider’s stock after selling 573 shares during the quarter. Massey Quick Simon & CO. LLC’s holdings in Paypal were worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PYPL. Farmers Trust Co. lifted its stake in Paypal by 2.1% during the first quarter. Farmers Trust Co. now owns 4,811 shares of the credit services provider’s stock valued at $499,000 after buying an additional 100 shares in the last quarter. Shine Investment Advisory Services Inc. lifted its stake in Paypal by 2.5% during the first quarter. Shine Investment Advisory Services Inc. now owns 4,069 shares of the credit services provider’s stock valued at $423,000 after buying an additional 100 shares in the last quarter. Virtus ETF Advisers LLC lifted its stake in Paypal by 33.7% during the fourth quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock valued at $38,000 after buying an additional 113 shares in the last quarter. Cpwm LLC lifted its stake in Paypal by 3.6% during the fourth quarter. Cpwm LLC now owns 3,397 shares of the credit services provider’s stock valued at $286,000 after buying an additional 118 shares in the last quarter. Finally, Concorde Asset Management LLC lifted its stake in Paypal by 3.1% during the fourth quarter. Concorde Asset Management LLC now owns 4,027 shares of the credit services provider’s stock valued at $339,000 after buying an additional 121 shares in the last quarter. 81.34% of the stock is owned by institutional investors.

In related news, EVP Aaron Karczmer sold 6,813 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.25, for a total value of $669,377.25. Following the transaction, the executive vice president now owns 57,859 shares in the company, valued at $5,684,646.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $91.49, for a total value of $2,744,700.00. Following the completion of the transaction, the insider now owns 304,826 shares in the company, valued at approximately $27,888,530.74. The disclosure for this sale can be found here. Insiders sold 280,295 shares of company stock worth $26,469,952 in the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

PYPL has been the subject of a number of analyst reports. Guggenheim lowered shares of Paypal from a “buy” rating to a “neutral” rating and set a $90.82 price objective for the company. in a research note on Wednesday, February 6th. Zacks Investment Research raised shares of Paypal from a “sell” rating to a “hold” rating in a research note on Monday, January 14th. BidaskClub lowered shares of Paypal from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 7th. BTIG Research upped their price objective on shares of Paypal to $114.00 and gave the company a “buy” rating in a research note on Tuesday, February 19th. Finally, Barclays reissued an “overweight” rating and issued a $115.00 price target (up from $110.00) on shares of Paypal in a research report on Monday, January 7th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $101.93.

NASDAQ:PYPL opened at $106.81 on Tuesday. Paypal Holdings Inc has a 52 week low of $70.22 and a 52 week high of $109.00. The company has a market capitalization of $125.85 billion, a P/E ratio of 59.67, a PEG ratio of 2.81 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, January 30th. The credit services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. Analysts expect that Paypal Holdings Inc will post 2.15 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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