Horan Capital Advisors LLC. lowered its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 5.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,072 shares of the credit services provider’s stock after selling 2,430 shares during the quarter. Paypal comprises 2.1% of Horan Capital Advisors LLC.’s investment portfolio, making the stock its 15th biggest holding. Horan Capital Advisors LLC.’s holdings in Paypal were worth $3,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. increased its holdings in shares of Paypal by 0.4% in the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after acquiring an additional 60 shares during the last quarter. Linscomb & Williams Inc. increased its holdings in shares of Paypal by 0.7% in the 2nd quarter. Linscomb & Williams Inc. now owns 16,248 shares of the credit services provider’s stock valued at $872,000 after acquiring an additional 117 shares during the last quarter. Green Square Capital LLC increased its holdings in shares of Paypal by 2.0% in the 2nd quarter. Green Square Capital LLC now owns 6,748 shares of the credit services provider’s stock valued at $362,000 after acquiring an additional 133 shares during the last quarter. Albion Financial Group UT increased its holdings in shares of Paypal by 1.4% in the 2nd quarter. Albion Financial Group UT now owns 10,682 shares of the credit services provider’s stock valued at $573,000 after acquiring an additional 145 shares during the last quarter. Finally, Monetary Management Group Inc. increased its holdings in shares of Paypal by 0.5% in the 2nd quarter. Monetary Management Group Inc. now owns 63,600 shares of the credit services provider’s stock valued at $3,413,000 after acquiring an additional 325 shares during the last quarter. Institutional investors and hedge funds own 82.46% of the company’s stock.

In related news, CFO John D. Rainey sold 50,977 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $77.68, for a total value of $3,959,893.36. Following the completion of the transaction, the chief financial officer now directly owns 114,020 shares of the company’s stock, valued at approximately $8,857,073.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Aaron Anderson sold 9,367 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.84, for a total value of $729,127.28. Following the completion of the transaction, the vice president now directly owns 18,480 shares of the company’s stock, valued at $1,438,483.20. The disclosure for this sale can be found here. Insiders sold a total of 126,344 shares of company stock valued at $9,818,481 over the last ninety days. 6.00% of the stock is currently owned by company insiders.

PYPL has been the subject of a number of research analyst reports. Cantor Fitzgerald reissued a “buy” rating and issued a $85.00 target price on shares of Paypal in a research report on Thursday, February 1st. BTIG Research reissued a “buy” rating and issued a $81.00 target price on shares of Paypal in a research report on Sunday, November 19th. Vetr raised Paypal from a “hold” rating to a “buy” rating and set a $80.21 target price for the company in a research report on Wednesday, November 29th. Robert W. Baird upped their target price on Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Finally, Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Wednesday, December 20th. Nine equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $77.04.

Shares of Paypal Holdings Inc (NASDAQ PYPL) opened at $74.75 on Friday. Paypal Holdings Inc has a 1-year low of $40.30 and a 1-year high of $86.32. The company has a market capitalization of $92,860.00 and a P/E ratio of 50.85.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The firm had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period last year, the business posted $0.42 EPS. Paypal’s quarterly revenue was up 25.6% on a year-over-year basis. research analysts anticipate that Paypal Holdings Inc will post 1.75 EPS for the current year.

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About Paypal

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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