Tsfg LLC Sells 266 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Tsfg LLC reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 30.8% during the second quarter, Holdings Channel reports. The fund owned 598 shares of the credit services provider’s stock after selling 266 shares during the period. Tsfg LLC’s holdings in PayPal were worth $42,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new position in shares of PayPal in the first quarter worth approximately $28,000. Financial Management Professionals Inc. grew its holdings in shares of PayPal by 272.5% in the second quarter. Financial Management Professionals Inc. now owns 447 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 327 shares during the last quarter. Addison Advisors LLC grew its holdings in shares of PayPal by 100.7% in the first quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 140 shares during the last quarter. Disciplined Investments LLC grew its holdings in shares of PayPal by 82.9% in the first quarter. Disciplined Investments LLC now owns 311 shares of the credit services provider’s stock worth $36,000 after purchasing an additional 141 shares during the last quarter. Finally, Intelligent Financial Strategies bought a new position in shares of PayPal in the fourth quarter worth approximately $37,000. 70.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PYPL has been the topic of several recent analyst reports. Susquehanna cut shares of PayPal from a “positive” rating to a “neutral” rating and cut their target price for the stock from $115.00 to $100.00 in a report on Tuesday. StockNews.com cut shares of PayPal from a “hold” rating to a “sell” rating in a report on Thursday, September 1st. Royal Bank of Canada raised their price target on PayPal from $92.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Wells Fargo & Company dropped their price target on PayPal from $123.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, September 8th. Finally, Redburn Partners lowered PayPal from a “buy” rating to a “neutral” rating in a research note on Friday, July 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.23.

Insider Buying and Selling

In related news, EVP Peggy Alford sold 21,791 shares of the business’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 transaction, the executive vice president now directly owns 18,100 shares of the company’s stock, valued at approximately $1,770,542. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

PayPal Stock Down 0.5 %

PYPL stock 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 quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.52. The stock has a market cap of $105.45 billion, a P/E ratio of 52.40, a PEG ratio of 1.96 and a beta of 1.45. The business’s 50-day moving average price is $91.50 and its 200-day moving average price is $90.65.

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

About PayPal

(Get Rating)

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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