Glenview Trust Co decreased its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,205 shares of the credit services provider’s stock after selling 947 shares during the period. Glenview Trust Co’s holdings in Paypal were worth $6,188,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Sugarloaf Wealth Management LLC acquired a new stake in Paypal in the 4th quarter valued at about $29,000. Resources Management Corp CT ADV bought a new stake in shares of Paypal in the 3rd quarter worth approximately $34,000. Liberty Wealth Management LLC raised its holdings in shares of Paypal by 51.6% in the 3rd quarter. Liberty Wealth Management LLC now owns 382 shares of the credit services provider’s stock worth $40,000 after purchasing an additional 130 shares in the last quarter. IndexIQ Advisors LLC acquired a new stake in Paypal during the fourth quarter valued at approximately $44,000. Finally, Howe & Rusling Inc. acquired a new stake in Paypal during the third quarter valued at approximately $49,000. Institutional investors own 80.65% of the company’s stock.

PYPL stock traded up $1.37 during midday trading on Friday, reaching $121.88. The company had a trading volume of 1,242,592 shares, compared to its average volume of 7,190,936. Paypal Holdings Inc has a 1 year low of $93.10 and a 1 year high of $122.19. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $140.83 billion, a P/E ratio of 58.88, a PEG ratio of 2.48 and a beta of 0.93. The company has a 50 day moving average of $114.26 and a two-hundred day moving average of $107.58.

Paypal (NASDAQ:PYPL) last issued its earnings results on Thursday, January 30th. The credit services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Paypal had a net margin of 13.84% and a return on equity of 17.33%. The company had revenue of $4.96 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same quarter last year, the business posted $0.69 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, sell-side analysts anticipate that Paypal Holdings Inc will post 2.63 earnings per share for the current year.

Several research firms have issued reports on PYPL. Morgan Stanley lifted their price target on shares of Paypal from $129.00 to $137.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Compass Point initiated coverage on Paypal in a research report on Thursday, December 5th. They set a “buy” rating and a $120.00 price objective for the company. Sanford C. Bernstein raised Paypal from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $115.00 to $130.00 in a research note on Tuesday, January 7th. Guggenheim upgraded Paypal from a “neutral” rating to a “buy” rating and set a $133.00 target price on the stock in a report on Friday, January 31st. Finally, Raymond James boosted their target price on Paypal from $122.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and a consensus target price of $127.03.

In related news, CEO Daniel H. Schulman sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $119.01, for a total transaction of $2,975,250.00. Following the transaction, the chief executive officer now owns 357,674 shares of the company’s stock, valued at $42,566,782.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $103.49, for a total transaction of $3,104,700.00. Following the completion of the sale, the chief executive officer now owns 427,074 shares of the company’s stock, valued at $44,197,888.26. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,719 shares of company stock valued at $8,773,501. Insiders own 0.15% of the company’s stock.

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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