Paypal Holdings Inc (PYPL) Stake Lessened by Stevens First Principles Investment Advisors

Share on StockTwits

Stevens First Principles Investment Advisors lowered its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 0.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 164,156 shares of the credit services provider’s stock after selling 1,290 shares during the quarter. Paypal accounts for 8.3% of Stevens First Principles Investment Advisors’ holdings, making the stock its largest position. Stevens First Principles Investment Advisors’ holdings in Paypal were worth $14,419,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Archford Capital Strategies LLC increased its position in Paypal by 92.6% in the second quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 625 shares during the last quarter. Patton Albertson Miller Group LLC bought a new stake in Paypal in the third quarter worth $126,000. Landaas & Co. WI ADV bought a new stake in Paypal in the second quarter worth $135,000. Adviser Investments LLC increased its position in Paypal by 165.3% in the second quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock worth $138,000 after purchasing an additional 1,030 shares during the last quarter. Finally, ELM Advisors LLC bought a new stake in Paypal in the third quarter worth $149,000. Hedge funds and other institutional investors own 79.81% of the company’s stock.

In related news, EVP Jonathan Auerbach sold 4,684 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $83.81, for a total value of $392,566.04. Following the completion of the sale, the executive vice president now directly owns 97,433 shares of the company’s stock, valued at $8,165,859.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $92.43, for a total transaction of $2,403,180.00. Following the completion of the sale, the insider now directly owns 323,316 shares of the company’s stock, valued at $29,884,097.88. The disclosure for this sale can be found here. Insiders have sold 379,755 shares of company stock valued at $32,034,580 over the last three months. Insiders own 0.20% of the company’s stock.

PYPL has been the topic of several research reports. Raymond James upgraded shares of Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a research report on Friday, September 14th. Wells Fargo & Co lifted their price objective on shares of Paypal from $95.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, July 26th. Bank of America lifted their price objective on shares of Paypal from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. BMO Capital Markets lifted their price objective on shares of Paypal from $112.00 to $119.00 and gave the stock an “outperform” rating in a research note on Friday, October 19th. Finally, UBS Group raised shares of Paypal from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Seven research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $93.93.

Shares of PYPL opened at $86.76 on Friday. The firm has a market cap of $103.97 billion, a PE ratio of 51.60, a P/E/G ratio of 2.77 and a beta of 1.23. Paypal Holdings Inc has a 12-month low of $68.61 and a 12-month high of $93.70.

Paypal (NASDAQ:PYPL) last issued its earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.04. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.66 billion. Paypal had a net margin of 13.98% and a return on equity of 13.60%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 earnings per share. As a group, sell-side analysts predict that Paypal Holdings Inc will post 1.79 EPS for the current fiscal year.

WARNING: “Paypal Holdings Inc (PYPL) Stake Lessened by Stevens First Principles Investment Advisors” was first reported by BBNS and is the sole property of of BBNS. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://baseballnewssource.com/2018/11/10/paypal-holdings-inc-pypl-stake-lessened-by-stevens-first-principles-investment-advisors/2972729.html.

Paypal Profile

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.

Recommended Story: Risk Tolerance and Your Investment Decisions

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paypal Holdings Inc (NASDAQ:PYPL).

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.