Private Advisor Group LLC lowered its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 35.0% during the 4th quarter, Holdings Channel reports. The firm owned 36,654 shares of the credit services provider’s stock after selling 19,720 shares during the period. Private Advisor Group LLC’s holdings in Paypal were worth $2,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of PYPL. Advisory Services Network LLC raised its stake in shares of Paypal by 1.6% in the second quarter. Advisory Services Network LLC now owns 36,802 shares of the credit services provider’s stock valued at $1,975,000 after buying an additional 584 shares during the period. Cigna Investments Inc. New raised its stake in shares of Paypal by 1.4% in the fourth quarter. Cigna Investments Inc. New now owns 47,106 shares of the credit services provider’s stock valued at $3,468,000 after buying an additional 641 shares during the period. Waldron LP raised its stake in shares of Paypal by 16.9% in the fourth quarter. Waldron LP now owns 4,467 shares of the credit services provider’s stock valued at $328,000 after buying an additional 646 shares during the period. Cetera Advisors LLC raised its stake in shares of Paypal by 14.3% in the third quarter. Cetera Advisors LLC now owns 5,449 shares of the credit services provider’s stock valued at $346,000 after buying an additional 682 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Paypal by 16.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 5,085 shares of the credit services provider’s stock valued at $326,000 after buying an additional 708 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on PYPL shares. Zacks Investment Research lowered Paypal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 25th. Morgan Stanley boosted their target price on Paypal from $76.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Goldman Sachs Group reiterated a “buy” rating and set a $90.00 price objective (up from $80.00) on shares of Paypal in a research note on Thursday, December 21st. Finally, Robert W. Baird reiterated a “buy” rating and set a $80.00 price objective (up from $65.00) on shares of Paypal in a research note on Friday, October 20th. Nine investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $76.97.

In other news, COO William J. Ready sold 60,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $77.68, for a total value of $4,660,800.00. Following the completion of the transaction, the chief operating officer now directly owns 95,944 shares in the company, valued at approximately $7,452,929.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Aaron Anderson sold 9,367 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $77.84, for a total value of $729,127.28. Following the sale, the vice president now owns 18,480 shares of the company’s stock, valued at $1,438,483.20. The disclosure for this sale can be found here. Insiders sold a total of 126,344 shares of company stock valued at $9,818,481 over the last quarter. Company insiders own 6.00% of the company’s stock.

Paypal Holdings Inc (NASDAQ PYPL) opened at $77.27 on Thursday. Paypal Holdings Inc has a fifty-two week low of $41.27 and a fifty-two week high of $86.32. The stock has a market capitalization of $89,976.00, a PE ratio of 52.56, a PEG ratio of 2.40 and a beta of 1.18.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same period in the prior year, the business earned $0.42 EPS. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. analysts expect that Paypal Holdings Inc will post 1.75 EPS for the current year.

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Paypal Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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