Larson Financial Group LLC Sells 135 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

Larson Financial Group LLC decreased its holdings in Paypal Holdings Inc (NASDAQ:PYPL) by 13.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 873 shares of the credit services provider’s stock after selling 135 shares during the quarter. Larson Financial Group LLC’s holdings in Paypal were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in PYPL. Mcmillion Capital Management Inc. purchased a new stake in Paypal in the second quarter worth $35,000. AGF Investments LLC lifted its stake in Paypal by 55.6% in the second quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after acquiring an additional 110 shares during the period. Princeton Global Asset Management LLC purchased a new stake in Paypal in the first quarter worth $42,000. Sound Income Strategies LLC lifted its stake in Paypal by 125.4% in the third quarter. Sound Income Strategies LLC now owns 417 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 232 shares during the period. Finally, Nelson Roberts Investment Advisors LLC lifted its stake in Paypal by 81.6% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 465 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 209 shares during the period. 80.53% of the stock is owned by institutional investors.

In related news, CEO Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $110.87, for a total value of $3,326,100.00. Following the completion of the sale, the chief executive officer now directly owns 457,074 shares in the company, valued at approximately $50,675,794.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Aaron Karczmer sold 3,110 shares of Paypal stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the completion of the sale, the executive vice president now owns 15,041 shares of the company’s stock, valued at $1,740,394.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 132,417 shares of company stock valued at $14,511,700. 0.15% of the stock is owned by insiders.

Several brokerages have commented on PYPL. Canaccord Genuity raised Paypal from a “hold” rating to a “buy” rating and raised their price objective for the company from $110.00 to $118.00 in a research report on Thursday, September 12th. Wells Fargo & Co raised their price objective on Paypal from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Rosenblatt Securities began coverage on Paypal in a research report on Monday, August 19th. They set a “buy” rating and a $126.00 price objective for the company. Bank of America reissued a “buy” rating and set a $127.00 price objective (down previously from $131.00) on shares of Paypal in a research report on Friday, September 13th. Finally, Citigroup raised their price objective on Paypal from $124.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $122.17.

Shares of PYPL traded up $2.48 during trading hours on Friday, hitting $103.02. The company had a trading volume of 223,484 shares, compared to its average volume of 6,483,264. The firm has a fifty day moving average price of $105.41 and a 200-day moving average price of $109.72. The stock has a market capitalization of $116.88 billion, a price-to-earnings ratio of 57.43, a P/E/G ratio of 2.24 and a beta of 0.96. Paypal Holdings Inc has a 52-week low of $74.66 and a 52-week high of $121.48.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.12. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.33 billion. Paypal had a return on equity of 17.14% and a net margin of 15.36%. Paypal’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 EPS. On average, sell-side analysts predict that Paypal Holdings Inc will post 2.41 EPS for the current year.

Paypal Profile

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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