PayPal (PYPL) Shares Sold by Welch Capital Partners LLC NY

Welch Capital Partners LLC NY cut its stake in PayPal (NASDAQ:PYPL) by 10.2% during the 1st quarter, Holdings Channel reports. The fund owned 110,480 shares of the credit services provider’s stock after selling 12,570 shares during the period. PayPal accounts for 2.9% of Welch Capital Partners LLC NY’s portfolio, making the stock its 9th biggest position. Welch Capital Partners LLC NY’s holdings in PayPal were worth $8,382,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Buckingham Capital Management Inc. boosted its holdings in shares of PayPal by 7.4% during the 3rd quarter. Buckingham Capital Management Inc. now owns 47,362 shares of the credit services provider’s stock worth $3,033,000 after buying an additional 3,268 shares in the last quarter. Creative Planning raised its position in shares of PayPal by 22.6% during the fourth quarter. Creative Planning now owns 53,222 shares of the credit services provider’s stock worth $3,918,000 after purchasing an additional 9,827 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of PayPal by 3.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,804,671 shares of the credit services provider’s stock worth $280,100,000 after purchasing an additional 139,758 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of PayPal during the fourth quarter worth approximately $282,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of PayPal by 102.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 23,266 shares of the credit services provider’s stock worth $1,712,000 after purchasing an additional 11,785 shares during the period. Institutional investors and hedge funds own 78.26% of the company’s stock.

Shares of NASDAQ PYPL opened at $80.79 on Monday. PayPal has a 52 week low of $49.06 and a 52 week high of $86.32. The stock has a market capitalization of $95.93 billion, a price-to-earnings ratio of 58.12, a P/E/G ratio of 2.67 and a beta of 1.28.

PayPal (NASDAQ:PYPL) last issued its earnings results on Wednesday, April 25th. The credit services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. PayPal had a return on equity of 12.35% and a net margin of 13.92%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the company earned $0.44 EPS. The firm’s revenue was up 23.9% compared to the same quarter last year. equities analysts expect that PayPal will post 1.71 earnings per share for the current year.

A number of equities analysts have recently weighed in on the company. UBS reaffirmed a “buy” rating and set a $90.00 target price on shares of PayPal in a research report on Friday. Craig Hallum set a $93.00 target price on PayPal and gave the stock a “buy” rating in a research report on Friday. Credit Suisse Group upped their target price on PayPal from $85.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday. ValuEngine raised PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Canaccord Genuity increased their price target on PayPal from $80.00 to $82.00 and gave the company a “hold” rating in a research report on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $81.34.

In other PayPal news, Director David M. Moffett sold 3,808 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $77.86, for a total value of $296,490.88. Following the sale, the director now owns 66,320 shares of the company’s stock, valued at approximately $5,163,675.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO William J. Ready sold 72,000 shares of the firm’s stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $75.32, for a total value of $5,423,040.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,964 shares of company stock worth $15,385,614. Insiders own 0.20% of the company’s stock.

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.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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