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.
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.
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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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