CMH Wealth Management LLC Sells 39,646 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

CMH Wealth Management LLC lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 52.4% in the second quarter, HoldingsChannel.com reports. The fund owned 35,994 shares of the credit services provider’s stock after selling 39,646 shares during the quarter. CMH Wealth Management LLC’s holdings in PayPal were worth $2,514,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PYPL. Oliver Lagore Vanvalin Investment Group bought a new position in PayPal in the 1st quarter worth approximately $28,000. Financial Management Professionals Inc. raised its position in shares of PayPal by 272.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 447 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 327 shares during the last quarter. Addison Advisors LLC raised its position in shares of PayPal by 100.7% during the 1st quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 140 shares during the last quarter. Disciplined Investments LLC raised its position in shares of PayPal by 82.9% during the 1st quarter. Disciplined Investments LLC now owns 311 shares of the credit services provider’s stock valued at $36,000 after acquiring an additional 141 shares during the last quarter. Finally, Intelligent Financial Strategies acquired a new position in shares of PayPal in the 4th quarter valued at $37,000. Institutional investors own 70.67% of the company’s stock.

PayPal Trading Down 1.7 %

NASDAQ PYPL traded down $1.50 during mid-day trading on Friday, reaching $86.16. 386,228 shares of the stock were exchanged, compared to its average volume of 11,510,406. PayPal Holdings, Inc. has a one year low of $67.58 and a one year high of $279.95. The stock has a 50 day simple moving average of $91.86 and a 200-day simple moving average of $90.61. The stock has a market cap of $99.64 billion, a P/E ratio of 49.97, a P/E/G ratio of 1.95 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 (NASDAQ:PYPLGet Rating) last announced 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. PayPal had a net margin of 7.79% and a return on equity of 16.79%. The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.76 billion. On average, analysts anticipate that PayPal Holdings, Inc. will post 2.89 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PYPL. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the company from $94.00 to $114.00 in a report on Wednesday, August 31st. Keefe, Bruyette & Woods decreased their price target on shares of PayPal from $108.00 to $98.00 in a report on Monday, July 11th. Wolfe Research lowered shares of PayPal from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 20th. Wells Fargo & Company reduced their target price on shares of PayPal from $123.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, September 8th. Finally, StockNews.com lowered shares of PayPal from a “hold” rating to a “sell” rating in a research note on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.23.

Insiders Place Their Bets

In other PayPal news, EVP Peggy Alford sold 21,791 shares of the firm’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 completion of the sale, the executive vice president now directly owns 18,100 shares in the company, valued at $1,770,542. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

About PayPal

(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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