Lannebo Fonder AB lessened its stake in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 24.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 113,000 shares of the credit services provider’s stock after selling 37,000 shares during the period. Paypal makes up approximately 3.0% of Lannebo Fonder AB’s holdings, making the stock its 15th largest holding. Lannebo Fonder AB’s holdings in Paypal were worth $10,819,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of PYPL. Mutual of America Capital Management LLC boosted its stake in Paypal by 0.7% during the first quarter. Mutual of America Capital Management LLC now owns 160,054 shares of the credit services provider’s stock worth $15,324,000 after buying an additional 1,091 shares during the period. Cigna Investments Inc. New lifted its holdings in shares of Paypal by 6.4% in the 1st quarter. Cigna Investments Inc. New now owns 33,050 shares of the credit services provider’s stock worth $3,164,000 after acquiring an additional 2,000 shares during the last quarter. RMB Capital Management LLC boosted its stake in shares of Paypal by 1.9% during the 1st quarter. RMB Capital Management LLC now owns 26,504 shares of the credit services provider’s stock worth $2,537,000 after purchasing an additional 482 shares during the period. Blair William & Co. IL grew its holdings in Paypal by 1.8% during the 1st quarter. Blair William & Co. IL now owns 2,339,298 shares of the credit services provider’s stock valued at $223,964,000 after purchasing an additional 40,720 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Paypal by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,833 shares of the credit services provider’s stock worth $846,000 after purchasing an additional 524 shares during the period. Institutional investors own 83.00% of the company’s stock.

Paypal stock traded up $2.64 during trading hours on Friday, reaching $150.86. The stock had a trading volume of 5,620,322 shares, compared to its average volume of 10,391,105. The company has a market cap of $174.01 billion, a price-to-earnings ratio of 95.48, a PEG ratio of 3.37 and a beta of 1.11. The business’s 50 day moving average price is $120.99 and its 200-day moving average price is $111.79. Paypal Holdings Inc has a 52 week low of $82.07 and a 52 week high of $151.08. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.39 and a quick ratio of 1.39.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. Paypal had a net margin of 10.27% and a return on equity of 16.06%. The firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts forecast that Paypal Holdings Inc will post 2.4 EPS for the current fiscal year.

In other news, CFO John D. Rainey sold 87,925 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $107.48, for a total transaction of $9,450,179.00. Following the transaction, the chief financial officer now owns 229,139 shares in the company, valued at $24,627,859.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Adele Louise Pentland sold 92,700 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $107.63, for a total transaction of $9,977,301.00. Following the completion of the transaction, the executive vice president now directly owns 174,201 shares of the company’s stock, valued at $18,749,253.63. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 255,625 shares of company stock worth $28,513,730. Insiders own 0.12% of the company’s stock.

A number of research analysts have recently commented on the company. DZ Bank cut Paypal from a “buy” rating to a “hold” rating and set a $121.00 target price on the stock. in a research note on Tuesday, April 28th. Wedbush increased their target price on Paypal from $120.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Nomura Securities lowered their target price on shares of Paypal from $139.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Keefe, Bruyette & Woods upped their price target on shares of Paypal from $120.00 to $152.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Finally, Barclays lifted their price objective on shares of Paypal from $135.00 to $169.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Five equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Paypal has an average rating of “Buy” and an average price target of $140.15.

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.

Further Reading: Total Return

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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