Pekin Hardy Strauss Inc. Sells 4,949 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Pekin Hardy Strauss Inc. trimmed its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 56.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,835 shares of the credit services provider’s stock after selling 4,949 shares during the period. Pekin Hardy Strauss Inc.’s holdings in PayPal were worth $444,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Addison Advisors LLC raised its position in shares of PayPal by 100.7% during the first quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock valued at $32,000 after buying an additional 140 shares during the last quarter. Disciplined Investments LLC raised its position in shares of PayPal by 82.9% during the first quarter. Disciplined Investments LLC now owns 311 shares of the credit services provider’s stock valued at $36,000 after buying an additional 141 shares during the last quarter. Intelligent Financial Strategies acquired a new position in shares of PayPal during the fourth quarter valued at about $37,000. US Asset Management LLC acquired a new position in shares of PayPal during the first quarter valued at about $38,000. Finally, Paladin Advisory Group LLC raised its position in shares of PayPal by 66.5% during the first quarter. Paladin Advisory Group LLC now owns 328 shares of the credit services provider’s stock valued at $38,000 after buying an additional 131 shares during the last quarter. 70.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent research reports. Credit Suisse Group increased their price target on shares of PayPal from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Barclays upped their price objective on shares of PayPal from $125.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, August 4th. Morgan Stanley upped their price objective on shares of PayPal from $129.00 to $134.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 3rd. UBS Group decreased their price objective on shares of PayPal from $143.00 to $136.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Finally, KeyCorp increased their price target on shares of PayPal from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.93.

Insider Activity

In other news, EVP Peggy Alford sold 21,791 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $97.82, for a total value of $2,131,595.62. Following the completion of the transaction, the executive vice president now directly owns 18,100 shares in the company, valued at $1,770,542. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

PayPal Stock Performance

Shares of PYPL stock opened at $96.17 on Friday. The firm has a 50-day moving average of $87.45 and a 200-day moving average of $91.28. The company has a market cap of $111.22 billion, a P/E ratio of 55.27, a P/E/G ratio of 2.05 and a beta of 1.45. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.23. PayPal Holdings, Inc. has a one year low of $67.58 and a one year high of $289.37.

PayPal (NASDAQ:PYPLGet Rating) last issued its earnings results on Tuesday, August 2nd. The credit services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.76 billion. PayPal had a net margin of 7.79% and a return on equity of 16.79%. Equities research analysts forecast that PayPal Holdings, Inc. will post 2.86 EPS for the current fiscal year.

PayPal Profile

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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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