Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 19,707 Shares of Paypal Holdings Inc (PYPL)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in Paypal Holdings Inc (NASDAQ:PYPL) by 16.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,133 shares of the credit services provider’s stock after selling 19,707 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Paypal were worth $8,532,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Security National Trust Co. increased its stake in shares of Paypal by 3.0% in the third quarter. Security National Trust Co. now owns 25,361 shares of the credit services provider’s stock valued at $2,228,000 after buying an additional 730 shares during the period. First Republic Investment Management Inc. increased its stake in shares of Paypal by 35.9% in the second quarter. First Republic Investment Management Inc. now owns 305,703 shares of the credit services provider’s stock valued at $25,455,000 after buying an additional 80,765 shares during the period. Weatherly Asset Management L. P. increased its stake in shares of Paypal by 0.8% in the second quarter. Weatherly Asset Management L. P. now owns 87,418 shares of the credit services provider’s stock valued at $7,279,000 after buying an additional 656 shares during the period. New England Research & Management Inc. increased its stake in shares of Paypal by 10.2% in the third quarter. New England Research & Management Inc. now owns 11,300 shares of the credit services provider’s stock valued at $993,000 after buying an additional 1,050 shares during the period. Finally, Clinton Group Inc. acquired a new stake in shares of Paypal in the third quarter valued at about $9,249,000. 79.88% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Paypal from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Wednesday, October 24th. BidaskClub cut Paypal from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Stifel Nicolaus increased their price target on Paypal to $108.00 and gave the company a “buy” rating in a research note on Friday, October 19th. Mizuho reissued a “hold” rating and issued a $80.00 price target on shares of Paypal in a research note on Thursday, July 26th. Finally, Bank of America increased their price target on Paypal from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Tuesday, September 11th. Seven investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and a consensus target price of $94.76.

Shares of NASDAQ:PYPL opened at $85.06 on Friday. The company has a market capitalization of $99.04 billion, a price-to-earnings ratio of 61.19, a PEG ratio of 2.57 and a beta of 1.23. Paypal Holdings Inc has a 52-week low of $68.61 and a 52-week high of $93.70.

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

In other Paypal news, insider Daniel H. Schulman sold 26,000 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $92.43, for a total value of $2,403,180.00. Following the transaction, the insider now owns 323,316 shares in the company, valued at $29,884,097.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Auerbach sold 4,684 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $83.81, for a total value of $392,566.04. Following the completion of the transaction, the executive vice president now owns 97,433 shares in the company, valued at approximately $8,165,859.73. The disclosure for this sale can be found here. In the last quarter, insiders sold 379,755 shares of company stock worth $32,034,580. Corporate insiders own 0.20% of the company’s stock.

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Paypal Profile

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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