Vestor Capital LLC Lowers Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Vestor Capital LLC reduced its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,674 shares of the credit services provider’s stock after selling 2,054 shares during the period. Vestor Capital LLC’s holdings in PayPal were worth $2,507,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Curi Wealth Management LLC purchased a new position in PayPal during the 4th quarter valued at about $30,000. Addison Advisors LLC raised its holdings in PayPal by 100.7% in the first quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock worth $32,000 after buying an additional 140 shares during the last quarter. Disciplined Investments LLC raised its holdings in PayPal by 82.9% in the first quarter. Disciplined Investments LLC now owns 311 shares of the credit services provider’s stock worth $36,000 after buying an additional 141 shares during the last quarter. Intelligent Financial Strategies purchased a new position in PayPal in the fourth quarter worth about $37,000. Finally, US Asset Management LLC purchased a new position in PayPal in the first quarter worth about $38,000. 75.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on PYPL shares. Citigroup lifted their target price on shares of PayPal from $120.00 to $122.00 in a report on Wednesday. Evercore ISI lifted their target price on shares of PayPal from $124.00 to $136.00 and gave the stock an “outperform” rating in a report on Wednesday. Canaccord Genuity Group reduced their price target on shares of PayPal from $215.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, April 28th. Cowen reduced their price target on shares of PayPal from $174.00 to $104.00 in a research note on Thursday, April 28th. Finally, JMP Securities lifted their price target on shares of PayPal from $100.00 to $120.00 and gave the stock a “market outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.43.

PayPal Price Performance

Shares of PYPL stock traded down $1.66 during mid-day trading on Friday, hitting $95.32. The company had a trading volume of 12,281,468 shares, compared to its average volume of 16,281,130. PayPal Holdings, Inc. has a 52-week low of $67.58 and a 52-week high of $296.70. The stock’s 50 day moving average price is $79.13 and its 200-day moving average price is $98.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.19. The company has a market capitalization of $110.24 billion, a P/E ratio of 54.78, a P/E/G ratio of 2.44 and a beta of 1.49.

Insider Transactions at PayPal

In related news, EVP Peggy Alford sold 21,791 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the sale, the executive vice president now owns 18,100 shares of the company’s stock, valued at $1,770,542. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

PayPal Company Profile

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Institutional Ownership by Quarter for PayPal (NASDAQ:PYPL)

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