Forum Financial Management LP Has $433,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Forum Financial Management LP lessened its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 30.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 3,751 shares of the credit services provider’s stock after selling 1,654 shares during the quarter. Forum Financial Management LP’s holdings in PayPal were worth $433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PYPL. Vanguard Group Inc. increased its position in shares of PayPal by 0.4% in the first quarter. Vanguard Group Inc. now owns 94,427,651 shares of the credit services provider’s stock worth $10,920,558,000 after purchasing an additional 349,411 shares during the period. BlackRock Inc. increased its holdings in PayPal by 3.0% in the 1st quarter. BlackRock Inc. now owns 78,254,181 shares of the credit services provider’s stock valued at $9,050,097,000 after buying an additional 2,266,699 shares during the period. State Street Corp raised its position in shares of PayPal by 2.8% in the 4th quarter. State Street Corp now owns 46,489,371 shares of the credit services provider’s stock valued at $8,766,966,000 after buying an additional 1,257,110 shares in the last quarter. Comprehensive Financial Management LLC lifted its holdings in shares of PayPal by 6.7% during the 1st quarter. Comprehensive Financial Management LLC now owns 32,006,618 shares of the credit services provider’s stock worth $3,701,565,000 after acquiring an additional 2,018,310 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of PayPal by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 19,184,985 shares of the credit services provider’s stock worth $3,608,177,000 after acquiring an additional 304,806 shares in the last quarter. Institutional investors and hedge funds own 70.67% of the company’s stock.

PayPal Stock Performance

Shares of PayPal stock opened at $97.65 on Tuesday. The business’s fifty day simple moving average is $88.47 and its 200 day simple moving average is $90.98. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.52. PayPal Holdings, Inc. has a 12 month low of $67.58 and a 12 month high of $287.19. The firm has a market capitalization of $112.93 billion, a P/E ratio of 56.12, a price-to-earnings-growth ratio of 2.06 and a beta of 1.45.

PayPal (NASDAQ:PYPLGet Rating) last released its 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. The company had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.76 billion. PayPal had a return on equity of 16.79% and a net margin of 7.79%. As a group, analysts anticipate that PayPal Holdings, Inc. will post 2.88 EPS for the current year.

Insider Buying and Selling at PayPal

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 transaction of $2,131,595.62. Following the completion of the sale, the executive vice president now owns 18,100 shares in the company, valued at approximately $1,770,542. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barclays lowered their price objective on shares of PayPal from $131.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday. DA Davidson cut their price target on PayPal to $120.00 in a research note on Tuesday, August 9th. Citigroup upped their price objective on PayPal to $122.00 in a research note on Tuesday, August 9th. Royal Bank of Canada lifted their target price on shares of PayPal from $92.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 3rd. Finally, UBS Group decreased their price target on shares of PayPal from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.40.

PayPal Profile

(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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