HCR Wealth Advisors Cuts Position in Paypal Holdings Inc (NASDAQ:PYPL)

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HCR Wealth Advisors lessened its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 9.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,773 shares of the credit services provider’s stock after selling 275 shares during the quarter. HCR Wealth Advisors’ holdings in Paypal were worth $491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PYPL. Engrave Wealth Partners LLC grew its holdings in Paypal by 54.3% during the 1st quarter. Engrave Wealth Partners LLC now owns 284 shares of the credit services provider’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Howe & Rusling Inc. boosted its holdings in shares of Paypal by 446.4% in the 2nd quarter. Howe & Rusling Inc. now owns 153 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 125 shares during the period. Key Financial Inc purchased a new position in shares of Paypal in the 1st quarter worth approximately $28,000. Stonebridge Financial Planning Group LLC boosted its holdings in shares of Paypal by 1,000.0% in the 1st quarter. Stonebridge Financial Planning Group LLC now owns 275 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 250 shares during the period. Finally, Ayalon Holdings Ltd. purchased a new position in shares of Paypal in the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 82.75% of the company’s stock.

Shares of NASDAQ:PYPL traded up $3.56 during trading on Friday, hitting $196.07. 10,865,370 shares of the stock traded hands, compared to its average volume of 7,571,171. The company has a quick ratio of 1.39, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a market cap of $230.18 billion, a price-to-earnings ratio of 89.94, a P/E/G ratio of 5.42 and a beta of 1.19. The company has a fifty day moving average price of $172.13 and a two-hundred day moving average price of $133.02. Paypal Holdings Inc has a 52-week low of $82.07 and a 52-week high of $198.66.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.46. The firm had revenue of $5.26 billion during the quarter, compared to analyst estimates of $4.99 billion. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. On average, equities research analysts predict that Paypal Holdings Inc will post 2.38 EPS for the current fiscal year.

A number of equities research analysts recently issued reports on PYPL shares. Daiwa Capital Markets reissued an “outperform” rating and set a $201.00 price target on shares of Paypal in a research note on Tuesday, July 21st. Wells Fargo & Co lifted their target price on Paypal from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird lifted their target price on Paypal from $175.00 to $220.00 in a research report on Thursday. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 15th. Finally, BMO Capital Markets lifted their target price on Paypal from $154.00 to $202.00 and gave the company a “market perform” rating in a research report on Thursday. They noted that the move was a valuation call. Seven 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. Paypal presently has an average rating of “Buy” and a consensus price target of $190.13.

In related news, CEO Daniel H. Schulman sold 25,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $144.15, for a total value of $3,603,750.00. Following the completion of the sale, the chief executive officer now owns 569,603 shares of the company’s stock, valued at approximately $82,108,272.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 75,000 shares of company stock valued at $10,562,250. 0.12% of the stock is owned by insiders.

About Paypal

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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