Paypal Holdings Inc (NASDAQ:PYPL) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 12.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,090 shares of the credit services provider’s stock after selling 23,944 shares during the quarter. Paypal makes up about 0.7% of Pacer Advisors Inc.’s portfolio, making the stock its 20th biggest holding. Pacer Advisors Inc.’s holdings in Paypal were worth $32,922,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Dividend Assets Capital LLC lifted its position in Paypal by 8.5% in the third quarter. Dividend Assets Capital LLC now owns 1,915 shares of the credit services provider’s stock valued at $377,000 after buying an additional 150 shares during the last quarter. CWM LLC lifted its position in Paypal by 17.3% in the third quarter. CWM LLC now owns 6,238 shares of the credit services provider’s stock valued at $1,229,000 after buying an additional 919 shares during the last quarter. United Capital Management of KS Inc. lifted its position in Paypal by 4.4% in the third quarter. United Capital Management of KS Inc. now owns 20,472 shares of the credit services provider’s stock valued at $4,033,000 after buying an additional 872 shares during the last quarter. Great Diamond Partners LLC lifted its position in Paypal by 5.9% in the third quarter. Great Diamond Partners LLC now owns 2,931 shares of the credit services provider’s stock valued at $577,000 after buying an additional 163 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in Paypal by 18.0% in the third quarter. Louisiana State Employees Retirement System now owns 59,600 shares of the credit services provider’s stock valued at $11,743,000 after buying an additional 9,100 shares during the last quarter. 83.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ PYPL traded up $10.33 during trading on Wednesday, reaching $212.29. The stock had a trading volume of 539,674 shares, compared to its average volume of 8,683,537. Paypal Holdings Inc has a one year low of $82.07 and a one year high of $212.45. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market cap of $236.96 billion, a PE ratio of 92.64, a P/E/G ratio of 3.11 and a beta of 1.14. The firm’s 50 day moving average price is $192.54 and its two-hundred day moving average price is $166.42.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.46. Paypal had a return on equity of 16.17% and a net margin of 13.44%. The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the previous year, the business earned $0.86 EPS. The business’s quarterly revenue was up 22.0% on a year-over-year basis. On average, research analysts expect that Paypal Holdings Inc will post 2.75 earnings per share for the current year.

A number of research analysts have commented on the stock. Oppenheimer upped their target price on shares of Paypal from $140.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Daiwa Capital Markets reiterated an “outperform” rating and set a $201.00 price target on shares of Paypal in a research note on Tuesday, July 21st. KeyCorp boosted their price target on shares of Paypal from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 8th. JMP Securities boosted their price target on shares of Paypal from $195.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, SVB Leerink started coverage on shares of Paypal in a research note on Friday, July 24th. They set a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $198.27.

In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $183.82, for a total transaction of $4,595,500.00. Following the completion of the transaction, the chief executive officer now owns 469,603 shares in the company, valued at approximately $86,322,423.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Aaron Anderson sold 9,203 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $193.62, for a total value of $1,781,884.86. Following the transaction, the chief accounting officer now owns 20,840 shares of the company’s stock, valued at approximately $4,035,040.80. The disclosure for this sale can be found here. Insiders have sold a total of 114,409 shares of company stock valued at $22,178,495 in the last quarter. 0.12% of the stock is currently owned by insiders.

About Paypal

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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