PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 13.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,702 shares of the credit services provider’s stock after selling 2,209 shares during the quarter. AdvisorNet Financial Inc’s holdings in PayPal were worth $957,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PYPL. Wiley BROS. Aintree Capital LLC increased its position in shares of PayPal by 1.9% in the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 4,892 shares of the credit services provider’s stock valued at $566,000 after buying an additional 90 shares in the last quarter. Shay Capital LLC increased its holdings in PayPal by 2.2% during the 4th quarter. Shay Capital LLC now owns 4,520 shares of the credit services provider’s stock worth $852,000 after purchasing an additional 98 shares in the last quarter. Auxier Asset Management increased its holdings in PayPal by 6.4% during the 4th quarter. Auxier Asset Management now owns 1,667 shares of the credit services provider’s stock worth $314,000 after purchasing an additional 100 shares in the last quarter. Front Row Advisors LLC increased its holdings in PayPal by 7.5% during the 4th quarter. Front Row Advisors LLC now owns 1,441 shares of the credit services provider’s stock worth $272,000 after purchasing an additional 100 shares in the last quarter. Finally, First Command Bank increased its holdings in PayPal by 5.2% during the 1st quarter. First Command Bank now owns 2,023 shares of the credit services provider’s stock worth $234,000 after purchasing an additional 100 shares in the last quarter. 70.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Peggy Alford sold 21,791 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 18,100 shares in the company, valued at $1,770,542. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

PYPL has been the subject of a number of research reports. Raymond James upgraded PayPal from a “market perform” rating to an “outperform” rating and set a $123.00 target price for the company in a report on Wednesday. Wells Fargo & Company decreased their price objective on PayPal from $123.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, September 8th. KeyCorp raised their price objective on PayPal from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, August 3rd. Deutsche Bank Aktiengesellschaft raised their price objective on PayPal from $114.00 to $140.00 and gave the company a “buy” rating in a report on Monday, September 12th. Finally, Royal Bank of Canada raised their price objective on PayPal from $92.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $134.93.

PayPal Stock Performance

Shares of NASDAQ:PYPL opened at $94.00 on Friday. The company’s 50 day simple moving average is $90.21 and its 200 day simple moving average is $90.86. The stock has a market capitalization of $108.71 billion, a price-to-earnings ratio of 54.02, a price-to-earnings-growth ratio of 2.01 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 1 year low of $67.58 and a 1 year high of $282.50.

PayPal (NASDAQ:PYPLGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The credit services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.11. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.76 billion. PayPal had a net margin of 7.79% and a return on equity of 16.79%. As a group, research analysts predict that PayPal Holdings, Inc. will post 2.89 EPS for the current fiscal year.

About PayPal

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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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