Mitchell Mcleod Pugh & Williams Inc. Sells 220 Shares of Paypal Holdings Inc (PYPL)

Mitchell Mcleod Pugh & Williams Inc. reduced its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 2.9% in the first quarter, Holdings Channel reports. The fund owned 7,469 shares of the credit services provider’s stock after selling 220 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Paypal were worth $776,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Truehand Inc bought a new stake in shares of Paypal during the 4th quarter worth approximately $25,000. Bruderman Asset Management LLC bought a new stake in shares of Paypal during the 4th quarter worth approximately $27,000. Karp Capital Management Corp bought a new stake in shares of Paypal during the 4th quarter worth approximately $37,000. Virtus ETF Advisers LLC lifted its stake in shares of Paypal by 33.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 113 shares during the last quarter. Finally, Liberty Wealth Management LLC bought a new stake in shares of Paypal during the 4th quarter worth approximately $39,000. 81.34% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on PYPL. Zacks Investment Research raised Paypal from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. Loop Capital lifted their target price on Paypal to $100.00 and gave the company a “hold” rating in a research report on Tuesday. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 7th. Finally, Morgan Stanley lifted their target price on Paypal from $99.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Nine investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $100.12.

In other news, CFO John D. Rainey sold 32,999 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $89.21, for a total value of $2,943,840.79. Following the completion of the transaction, the chief financial officer now owns 140,844 shares of the company’s stock, valued at approximately $12,564,693.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO William J. Ready sold 29,686 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $89.33, for a total value of $2,651,850.38. Following the completion of the transaction, the chief operating officer now directly owns 66,558 shares of the company’s stock, valued at approximately $5,945,626.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 280,295 shares of company stock worth $26,469,952. Company insiders own 0.20% of the company’s stock.

Paypal stock opened at $108.20 on Wednesday. The stock has a market cap of $126.76 billion, a price-to-earnings ratio of 60.45, a PEG ratio of 2.83 and a beta of 1.03. Paypal Holdings Inc has a fifty-two week low of $70.22 and a fifty-two week high of $109.00.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.02. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.23 billion. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. As a group, equities research analysts forecast that Paypal Holdings Inc will post 2.15 earnings per share for the current year.

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Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send 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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