Taylor Wealth Management Partners Reduces Holdings in Paypal Holdings Inc (PYPL)

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Taylor Wealth Management Partners trimmed its position in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,201 shares of the credit services provider’s stock after selling 1,473 shares during the quarter. Paypal accounts for approximately 6.2% of Taylor Wealth Management Partners’ investment portfolio, making the stock its 4th largest position. Taylor Wealth Management Partners’ holdings in Paypal were worth $10,780,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cornerstone Advisors Inc. boosted its stake in shares of Paypal by 66.5% during the third quarter. Cornerstone Advisors Inc. now owns 601 shares of the credit services provider’s stock valued at $53,000 after purchasing an additional 240 shares during the period. Whitener Capital Management Inc. purchased a new stake in shares of Paypal during the third quarter valued at $102,000. Acropolis Investment Management LLC purchased a new stake in shares of Paypal during the fourth quarter valued at $106,000. Lucia Wealth Services LLC purchased a new stake in shares of Paypal during the third quarter valued at $115,000. Finally, Moody National Bank Trust Division boosted its stake in shares of Paypal by 107.5% during the fourth quarter. Moody National Bank Trust Division now owns 1,473 shares of the credit services provider’s stock valued at $124,000 after purchasing an additional 763 shares during the period. 79.14% of the stock is owned by institutional investors.

In other news, insider Gary J. Marino sold 61,332 shares of the company’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $83.84, for a total transaction of $5,142,074.88. Following the transaction, the insider now owns 87,512 shares in the company, valued at $7,337,006.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Adele Louise Pentland sold 8,149 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $84.68, for a total transaction of $690,057.32. Following the transaction, the executive vice president now owns 61,056 shares in the company, valued at approximately $5,170,222.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,750 shares of company stock worth $35,635,027. Corporate insiders own 0.20% of the company’s stock.

Paypal stock traded down $0.65 during trading hours on Monday, reaching $90.00. The stock had a trading volume of 28,663 shares, compared to its average volume of 9,099,924. The company has a market capitalization of $105.52 billion, a PE ratio of 64.84, a P/E/G ratio of 2.20 and a beta of 1.06. Paypal Holdings Inc has a 52 week low of $70.22 and a 52 week high of $93.70.

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

A number of analysts have recently issued reports on PYPL shares. BMO Capital Markets boosted their target price on shares of Paypal from $112.00 to $119.00 and gave the company an “outperform” rating in a research note on Friday, October 19th. UBS Group raised shares of Paypal from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. BTIG Research raised shares of Paypal from a “neutral” rating to a “buy” rating and boosted their target price for the company from $81.00 to $95.00 in a research note on Friday, October 19th. Stifel Nicolaus boosted their target price on shares of Paypal to $108.00 and gave the company a “buy” rating in a research note on Friday, October 19th. Finally, Nomura lowered their price objective on shares of Paypal from $120.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, October 11th. Eight investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Paypal presently has an average rating of “Buy” and an average target price of $95.49.

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About Paypal

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.

Further Reading: Federal Reserve

Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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