SeaBridge Investment Advisors LLC trimmed its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 20.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 7,547 shares of the credit services provider’s stock after selling 1,960 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Paypal were worth $663,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Fundsmith Equity Fund L.P. acquired a new position in shares of Paypal during the second quarter valued at $1,266,514,000. Third Point LLC acquired a new position in shares of Paypal during the second quarter valued at $832,700,000. Fred Alger Management Inc. increased its holdings in shares of Paypal by 2,482.2% during the second quarter. Fred Alger Management Inc. now owns 2,401,884 shares of the credit services provider’s stock valued at $200,005,000 after purchasing an additional 2,308,867 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Paypal by 19.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,873,686 shares of the credit services provider’s stock valued at $655,643,000 after purchasing an additional 1,269,133 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Paypal by 15.0% during the second quarter. American Century Companies Inc. now owns 9,428,321 shares of the credit services provider’s stock valued at $785,096,000 after purchasing an additional 1,227,210 shares during the period. Institutional investors own 79.71% of the company’s stock.

NASDAQ:PYPL opened at $84.78 on Friday. Paypal Holdings Inc has a 1-year low of $68.61 and a 1-year high of $93.70. The firm has a market capitalization of $100.35 billion, a P/E ratio of 49.58, a P/E/G ratio of 2.75 and a beta of 1.31.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. Paypal had a return on equity of 13.58% and a net margin of 13.98%. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the company posted $0.46 EPS. Paypal’s revenue for the quarter was up 13.7% on a year-over-year basis. Research analysts expect that Paypal Holdings Inc will post 1.74 earnings per share for the current fiscal year.

In related news, COO William J. Ready sold 38,878 shares of the stock in a transaction on Friday, July 27th. The stock was sold at an average price of $88.22, for a total value of $3,429,817.16. Following the completion of the transaction, the chief operating officer now owns 119,215 shares in the company, valued at approximately $10,517,147.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $89.57, for a total value of $2,328,820.00. Following the completion of the transaction, the insider now owns 331,506 shares of the company’s stock, valued at approximately $29,692,992.42. The disclosure for this sale can be found here. Insiders sold a total of 149,732 shares of company stock valued at $13,204,157 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

A number of research analysts have recently commented on PYPL shares. Bank of America reissued a “buy” rating and set a $98.00 price target (up from $88.00) on shares of Paypal in a report on Tuesday, June 26th. Jefferies Financial Group began coverage on Paypal in a report on Tuesday, July 10th. They set a “buy” rating and a $98.00 price target on the stock. Stephens reaffirmed a “buy” rating and set a $91.00 target price on shares of Paypal in a report on Friday, July 13th. Wolfe Research began coverage on Paypal in a report on Tuesday, July 17th. They set an “outperform” rating on the stock. Finally, SunTrust Banks lifted their target price on Paypal to $92.00 and gave the stock a “$88.22” rating in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $93.04.

About Paypal

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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