Capital Investment Services of America Inc. Sells 313 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

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Capital Investment Services of America Inc. decreased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,943 shares of the credit services provider’s stock after selling 313 shares during the period. Paypal makes up about 2.9% of Capital Investment Services of America Inc.’s holdings, making the stock its 10th biggest position. Capital Investment Services of America Inc.’s holdings in Paypal were worth $19,883,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mcmillion Capital Management Inc. purchased a new stake in shares of Paypal during the 2nd quarter worth approximately $35,000. AGF Investments LLC boosted its stake in shares of Paypal by 55.6% during the 2nd quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 110 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Paypal during the 1st quarter worth approximately $42,000. Sound Income Strategies LLC boosted its stake in shares of Paypal by 125.4% during the 3rd quarter. Sound Income Strategies LLC now owns 417 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 232 shares in the last quarter. Finally, Nelson Roberts Investment Advisors LLC boosted its stake in shares of Paypal by 81.6% during the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 465 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 80.53% of the company’s stock.

In other Paypal news, CEO Daniel H. Schulman sold 30,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $107.09, for a total transaction of $3,212,700.00. Following the transaction, the chief executive officer now owns 487,074 shares of the company’s stock, valued at approximately $52,160,754.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Aaron Karczmer sold 3,110 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the transaction, the executive vice president now directly owns 15,041 shares in the company, valued at approximately $1,740,394.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,417 shares of company stock worth $14,511,700. Corporate insiders own 0.15% of the company’s stock.

Several brokerages have recently commented on PYPL. Morgan Stanley set a $129.00 price target on Paypal and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Canaccord Genuity raised Paypal from a “hold” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $118.00 in a research note on Thursday, September 12th. Nomura boosted their price target on Paypal from $123.00 to $139.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. UBS Group set a $120.00 price target on Paypal and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Finally, Berenberg Bank reissued a “buy” rating and set a $125.00 price target on shares of Paypal in a research note on Friday, July 26th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Paypal has a consensus rating of “Buy” and a consensus target price of $122.17.

PYPL stock traded up $1.04 on Friday, reaching $101.58. The company had a trading volume of 4,763,969 shares, compared to its average volume of 6,718,145. Paypal Holdings Inc has a 1 year low of $75.47 and a 1 year high of $121.48. The company’s fifty day moving average is $105.41 and its 200 day moving average is $109.72. The company has a market cap of $116.88 billion, a P/E ratio of 56.75, a PEG ratio of 2.24 and a beta of 0.96.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the company earned $0.58 EPS. Paypal’s revenue was up 11.7% on a year-over-year basis. As a group, equities analysts anticipate that Paypal Holdings Inc will post 2.41 EPS for the current year.

Paypal 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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