Condor Capital Management Cuts Stake in PayPal Holdings, Inc. (PYPL)

Condor Capital Management lowered its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.0% during the first quarter, Holdings Channel reports. The institutional investor owned 61,162 shares of the credit services provider’s stock after selling 2,539 shares during the period. Condor Capital Management’s holdings in PayPal Holdings were worth $2,631,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in PYPL. First Heartland Consultants Inc. acquired a new stake in shares of PayPal Holdings during the third quarter worth $241,000. Calamos Advisors LLC raised its stake in shares of PayPal Holdings by 25.9% in the fourth quarter. Calamos Advisors LLC now owns 230,589 shares of the credit services provider’s stock worth $9,101,000 after buying an additional 47,376 shares in the last quarter. Pitcairn Co. raised its stake in shares of PayPal Holdings by 2.9% in the fourth quarter. Pitcairn Co. now owns 69,984 shares of the credit services provider’s stock worth $2,763,000 after buying an additional 1,992 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of PayPal Holdings by 2.0% in the fourth quarter. Bessemer Group Inc. now owns 57,966 shares of the credit services provider’s stock worth $2,288,000 after buying an additional 1,161 shares in the last quarter. Finally, Linscomb & Williams Inc. raised its stake in shares of PayPal Holdings by 1.3% in the fourth quarter. Linscomb & Williams Inc. now owns 15,456 shares of the credit services provider’s stock worth $610,000 after buying an additional 203 shares in the last quarter. 81.93% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 51.84 on Friday. The stock’s 50 day moving average is $50.82 and its 200 day moving average is $43.93. The stock has a market capitalization of $62.27 billion, a PE ratio of 44.31 and a beta of 0.95. PayPal Holdings, Inc. has a 52 week low of $34.00 and a 52 week high of $55.14.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, April 26th. The credit services provider reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. PayPal Holdings had a net margin of 12.60% and a return on equity of 10.78%. The firm had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the company posted $0.37 EPS. The firm’s revenue was up 16.9% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post $1.78 EPS for the current fiscal year.

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A number of equities research analysts have weighed in on PYPL shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 price objective on shares of PayPal Holdings in a report on Friday, April 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $48.00 price objective on shares of PayPal Holdings in a report on Tuesday, April 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $49.00 price objective on shares of PayPal Holdings in a report on Sunday, April 23rd. Robert W. Baird reaffirmed an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, March 7th. Finally, Vetr raised PayPal Holdings from a “buy” rating to a “strong-buy” rating and set a $51.67 price objective on the stock in a report on Tuesday, March 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. PayPal Holdings currently has an average rating of “Buy” and an average price target of $50.19.

In other PayPal Holdings news, EVP Gary J. Marino sold 1,350 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the sale, the executive vice president now owns 37,491 shares in the company, valued at approximately $1,967,527.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gail J. Mcgovern sold 1,800 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $53.97, for a total transaction of $97,146.00. Following the completion of the sale, the director now owns 12,647 shares of the company’s stock, valued at approximately $682,558.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,685 shares of company stock valued at $743,502. Insiders own 6.00% of the company’s stock.

PayPal Holdings Company Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

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