180 Wealth Advisors LLC trimmed its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 11.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,978 shares of the credit services provider’s stock after selling 652 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Paypal were worth $1,005,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton bought a new stake in Paypal during the second quarter valued at approximately $26,000. Howe & Rusling Inc. boosted its position in shares of Paypal by 446.4% in the second quarter. Howe & Rusling Inc. now owns 153 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 125 shares during the period. Optimum Investment Advisors boosted its position in shares of Paypal by 344.4% in the second quarter. Optimum Investment Advisors now owns 200 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 155 shares during the period. Lloyd Advisory Services LLC. bought a new position in shares of Paypal in the second quarter worth approximately $35,000. Finally, Watson Rebecca bought a new position in shares of Paypal in the second quarter worth approximately $36,000. Institutional investors own 83.43% of the company’s stock.
Shares of PYPL traded down $5.65 during midday trading on Monday, hitting $197.39. The stock had a trading volume of 292,254 shares, compared to its average volume of 8,691,287. Paypal Holdings Inc has a 1 year low of $82.07 and a 1 year high of $215.83. The firm has a market cap of $238.23 billion, a PE ratio of 90.92, a price-to-earnings-growth ratio of 3.42 and a beta of 1.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.38. The stock’s 50 day moving average is $192.44 and its 200 day moving average is $168.13.
PYPL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Paypal from $200.00 to $234.00 and gave the stock an “overweight” rating in a research report on Monday, August 17th. Jefferies Financial Group upped their price target on shares of Paypal from $210.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Paypal from $183.00 to $234.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Bank of America upped their price target on shares of Paypal from $194.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Goldman Sachs Group boosted their target price on shares of Paypal from $170.00 to $205.00 and gave the stock a “conviction-buy” rating in a report on Monday, July 20th. Six research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $202.15.
In other news, Director David M. Moffett sold 5,028 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $206.81, for a total value of $1,039,840.68. Following the transaction, the director now directly owns 71,470 shares in the company, valued at $14,780,710.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark Britto sold 9,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $193.68, for a total transaction of $1,743,120.00. Following the completion of the transaction, the executive vice president now owns 89,886 shares in the company, valued at $17,409,120.48. The disclosure for this sale can be found here. In the last three months, insiders sold 114,409 shares of company stock worth $22,178,495. Insiders own 0.12% of the company’s stock.
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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