SlateStone Wealth LLC cut its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 32.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,152 shares of the credit services provider’s stock after selling 9,016 shares during the period. SlateStone Wealth LLC’s holdings in Paypal were worth $2,072,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PYPL. BlackRock Inc. lifted its stake in Paypal by 1.6% during the 2nd quarter. BlackRock Inc. now owns 74,983,829 shares of the credit services provider’s stock valued at $8,582,649,000 after acquiring an additional 1,194,180 shares in the last quarter. First Command Financial Services Inc. lifted its stake in Paypal by 5.5% during the 3rd quarter. First Command Financial Services Inc. now owns 1,908 shares of the credit services provider’s stock valued at $197,000 after acquiring an additional 100 shares in the last quarter. DNB Asset Management AS lifted its stake in Paypal by 10.0% during the 3rd quarter. DNB Asset Management AS now owns 122,267 shares of the credit services provider’s stock valued at $12,666,000 after acquiring an additional 11,148 shares in the last quarter. Massey Quick Simon & CO. LLC lifted its stake in Paypal by 4,311.1% during the 3rd quarter. Massey Quick Simon & CO. LLC now owns 794 shares of the credit services provider’s stock valued at $82,000 after acquiring an additional 776 shares in the last quarter. Finally, Biltmore Family Office LLC lifted its stake in Paypal by 91.6% during the 3rd quarter. Biltmore Family Office LLC now owns 24,371 shares of the credit services provider’s stock valued at $2,525,000 after acquiring an additional 11,650 shares in the last quarter. Institutional investors and hedge funds own 80.65% of the company’s stock.

In related news, CEO Daniel H. Schulman sold 25,719 shares of Paypal stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $104.73, for a total value of $2,693,550.87. Following the completion of the sale, the chief executive officer now owns 407,793 shares of the company’s stock, valued at approximately $42,708,160.89. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Daniel H. Schulman sold 25,000 shares of Paypal stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $119.01, for a total value of $2,975,250.00. Following the completion of the sale, the chief executive officer now directly owns 357,674 shares of the company’s stock, valued at approximately $42,566,782.74. The disclosure for this sale can be found here. In the last three months, insiders sold 80,719 shares of company stock valued at $8,773,501. 0.15% of the stock is currently owned by insiders.

Several equities analysts have weighed in on the company. Sanford C. Bernstein upgraded Paypal from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $115.00 to $130.00 in a research note on Tuesday, January 7th. Credit Suisse Group restated a “buy” rating and set a $135.00 price objective on shares of Paypal in a research note on Thursday. SunTrust Banks raised their price objective on Paypal from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Thursday, January 30th. Guggenheim upgraded Paypal from a “neutral” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Friday, January 31st. Finally, Morgan Stanley raised their price objective on Paypal from $129.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $127.03.

Shares of Paypal stock traded up $2.48 during trading hours on Friday, hitting $122.99. 5,767,359 shares of the company’s stock traded hands, compared to its average volume of 7,190,936. Paypal Holdings Inc has a 12-month low of $93.10 and a 12-month high of $122.19. The stock has a market capitalization of $140.83 billion, a price-to-earnings ratio of 59.42, a PEG ratio of 2.48 and a beta of 0.93. The company has a fifty day simple moving average of $114.26 and a 200-day simple moving average of $107.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.43 and a quick ratio of 1.43.

Paypal (NASDAQ:PYPL) last announced its earnings results on Thursday, January 30th. The credit services provider reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. Paypal had a return on equity of 17.33% and a net margin of 13.84%. The firm had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period last year, the firm posted $0.69 EPS. The business’s revenue was up 17.4% compared to the same quarter last year. On average, analysts forecast that Paypal Holdings Inc will post 2.63 EPS for the current fiscal year.

Paypal 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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