PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,632 shares of the credit services provider’s stock after selling 311 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in PayPal were worth $15,688,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Institutional & Family Asset Management LLC grew its holdings in shares of PayPal by 55.3% in the fourth quarter. Institutional & Family Asset Management LLC now owns 632 shares of the credit services provider’s stock valued at $119,000 after purchasing an additional 225 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of PayPal by 117.3% during the fourth quarter. GSA Capital Partners LLP now owns 6,269 shares of the credit services provider’s stock worth $1,182,000 after buying an additional 3,384 shares during the period. Fort Point Capital Partners LLC raised its holdings in PayPal by 13.5% in the fourth quarter. Fort Point Capital Partners LLC now owns 2,884 shares of the credit services provider’s stock valued at $544,000 after acquiring an additional 344 shares in the last quarter. Clearstead Advisors LLC lifted its stake in PayPal by 4.5% in the fourth quarter. Clearstead Advisors LLC now owns 12,391 shares of the credit services provider’s stock worth $2,337,000 after acquiring an additional 532 shares during the last quarter. Finally, Aureus Asset Management LLC grew its holdings in PayPal by 3.0% during the 4th quarter. Aureus Asset Management LLC now owns 231,793 shares of the credit services provider’s stock worth $43,712,000 after acquiring an additional 6,662 shares in the last quarter. 70.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PYPL has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of PayPal from $123.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, September 8th. KeyCorp upped their price objective on PayPal from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 3rd. DA Davidson cut their target price on PayPal to $120.00 in a research report on Tuesday, August 9th. Raymond James raised PayPal from a “market perform” rating to an “outperform” rating and set a $123.00 price target for the company in a report on Wednesday, September 14th. Finally, StockNews.com cut shares of PayPal from a “hold” rating to a “sell” rating in a report on Thursday, September 1st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $134.23.

PayPal Trading Down 0.5 %

Shares of PYPL opened at $91.18 on Thursday. PayPal Holdings, Inc. has a twelve month low of $67.58 and a twelve month high of $279.95. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $105.45 billion, a P/E ratio of 52.40, a PEG ratio of 1.96 and a beta of 1.45. The firm’s 50-day moving average is $91.50 and its two-hundred day moving average is $90.65.

PayPal (NASDAQ:PYPLGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The credit services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.54 by $0.11. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.76 billion. PayPal had a return on equity of 16.79% and a net margin of 7.79%. On average, research analysts predict that PayPal Holdings, Inc. will post 2.89 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In related news, EVP Peggy Alford sold 21,791 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $97.82, for a total value of $2,131,595.62. Following the sale, the executive vice president now owns 18,100 shares of the company’s stock, valued at approximately $1,770,542. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

About PayPal

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PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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